Home Forum Contact Create an Account Sign In Create a Trust

outline of a deal

This topic contains 53 replies, has 0 voices, and was last updated by Avatar of bigdaddy bigdaddy 17 years ago.

Viewing 15 posts - 31 through 45 (of 55 total)
  • Author
    Posts
  • #8349
    Avatar of creativerei
    creativerei
    Member

    …still, BIG PROPS to YOU for your tenacity; and thanks for sharing the location!!

    #8350
    Avatar of bigdaddy
    bigdaddy
    Member

    **UPDATE**
    Attorney for settlor is claiming that she wants to revoke the trust and sell it to the investor bene using “conventional” methods (note and deed of trust) and is demanding that his client has no recourse in the current landtrust arrangement because it “wasn’t recorded”. (arguing that the IB could sell the property tomorrow and not pay the settlor another dime)
    After I stopped laughing, I asked him how many boxtops he had to mail in for his BAR certificate!

    #8351
    Avatar of sserio
    sserio
    Member

    Great Job!!! … Thanks for the updates.

    Have you spoken to Bill/NARS about what’s going on with your deal?

    Sal

    #8352
    Avatar of bigdaddy
    bigdaddy
    Member

    Yep… Sent him an email but he is out of town.

    #8353
    Avatar of smiley
    smiley
    Member

    Shawn,
    Any word from the attorney?
    What`s happening?
    Thanks, Eric

    #8354
    Avatar of bigdaddy
    bigdaddy
    Member

    The attorney for the seller produced a subpoena for the declaration of trust.

    #8355
    Avatar of smiley
    smiley
    Member

    Shawn,
    Thanks for the reply.
    This thread is great.
    Please keep us posted.
    Sincerely, Eric

    #8356
    Avatar of bigdaddy
    bigdaddy
    Member

    Attorney called yesterday and says, “I think we can call this whole lawsuit off for my fees of $5000″…. We said “Uh, NO”… So now he is going back to his client to see if she will pay his fees instead. Remember, we TOLD him she wouldn’t pay him.

    #8357
    Avatar of smiley
    smiley
    Member

    Shawn,
    Any news?
    Did the seller use the bene`s money to pay for her attorney?
    Did you counter sue?
    Thanks, Eric

    #8358
    Avatar of bigdaddy
    bigdaddy
    Member

    Yep, it looks like that is what will happen.

    #8359
    Avatar of smiley
    smiley
    Member

    Shawn,
    How did this turn out?
    Thanks, Eric

    #8360
    Avatar of bigdaddy
    bigdaddy
    Member

    It’s still “turning out” as we speak.

    #8361
    Avatar of peter@amakya
    peter@amakya
    Member

    “Additionally, he is asking that we scrap the trust in favor of a more traditional note and

    #8362
    Avatar of bigdaddy
    bigdaddy
    Member

    Peter,
    Of course we agreed to take his alternative but you see his whole case hinges on her incompetence.

    #8363
    Avatar of peter@amakya
    peter@amakya
    Member

    Hi Shawn

    Please would you let me have the details of the counter suit as right now I have a difficult with an about to be ex-Resident Beneficiary?

Viewing 15 posts - 31 through 45 (of 55 total)

You must be logged in to reply to this topic.

Posted in
Contact Form
Your Fullname:


Email Address:


Phone:


Best Time to Call:


Subject:


Your Message:


Security Code:

 

Can't read the above security code? Refresh