The moving party brought a motion seeking the release of net proceeds from the sale of a property, which were being held in trust.
The responding party opposed, arguing that a joint credit line/mortgage debt and property tax arrears on other properties needed to be paid from the proceeds first.
The court ordered that $70,000 be retained in trust to cover the outstanding credit line/mortgage debt, with the balance released to the moving party.
The court declined to order the payment of the unspecified property tax arrears from these funds.
