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📄 Extracted Text (576 words)
To: drsra(
From: Jeffre
Sent Mon 10/31/2011 10:24:02 PM
Subject Re: Fw: Settlement
yes, you can call to
On Mon, Oct 31, 2011 at 6:09 PM, drsra •=1 wrote:
Your thoughts? Mike has supposedly found a buyer, but he has told lies constantly & I don't
trust him. Is the wiser course to just pay the $60,000.00 and be done with it?
--- On Mon, 10/31/11, Leanne Seibert wrote:
From: Leanne Seibert
Subject: Settlement
To: "'drsra"'
Cc: "Trent Steele"
Date: Monday, October 31, 2011, 5:38 PM
Trent asked me to send you this information on the settlement.
Kranz originally said $100,000 plus closing costs to be paid 12
/ by Hardman and 12 / by you
contingent on the short sale closing. We agreed to pay $60,000 now, but only if they
released you whether or not the short sale closed. Then the bank agreed to release you
upon payment of the $60,000 now, without it being contingent on closing and they said
they were not going to release Hardman's guarantee. Now we get the letter that says
they are not requiring a payment from Hardman and will release his guarantee contingent
on closing within 45 days. Otherwise the letter provides that if the short sale falls
through, the bank will proceed with the foreclosure sale and no release of Hardman.
The $60,000 from you is for a hill release now regardless of whether or not the short
sale closes.
The letter indicates that the foreclosure sale will go through if the property does not close
before January 12, 2012. In that case the buyer could bid their offer at the foreclosure
sale or negotiate with the bank after the foreclosure sale and the bank could still
prosecute their case on the guarantees against you and Hardman.
You indicated you wanted the matter resolved now and be done with it. If you want to
pay nothing now we can go back to Kranz and make that demand, but then you would
only be released if the short sale closes. Not too long ago they turned down your offer
to settle for $100,000 to release your guarantee only. The question at this point is
EFTA_R1_00240919
EFTA01849075
whether it is worth the payment of $60,000 to get your release guaranteed now or not.
Please advise how you want us to proceed.
Law Olfces of
W. TRENT STEELE
Bankruptcy
Foreclosure Defense
Real Estate
Wills. Trusts. & Estates Leanne Seibert, FRP
13usiness Law
Paralegal/Office Manager
rfkr. In Palm Beath Gardena. Hobe Sound. & Port Si. Luck
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u. uratudately by kik: emit
*********
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EFTA_R1_00240921
EFTA01849077
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EFTA01849075
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