Subject: money needed
From: "RKV" <[email-masked]>
To: <[email-masked]>
Date: Fri, 18 Mar 2016 20:14:17 -0400

Claudio,

I am concerned that you are selling way too much under value.  The
$61,200,000 PESOS for the 30 Lots IS AROUND $90,000.00 US?

We were hoping to clear around 115K to 130K.  I was calculating you selling
each lot for around $3,800.00 US dollars, which is around 2,572,000 pesos.

Currently, these are the claims that are filed in your case .

Austin                         $44,900.66 to cure default

Lawson Realty            $10,426.00 to cure default      ($26,000.00 to pay
off entire note)

Douglas County          $  8,100.00 ( total for all 3 properties)

Chapter 7 Trustee        $11,913.00

                                    $75,340.00

Chapter 13 fee               3,955.35

(5.25%)                       $79,295.00

My fee will at least 50% more that the Chapter 7 Trustee's fee that the
Court allowed - figure around 20-25K.

I would also consider paying off the entire $26,000.00 Lawson Realty
mortgage, which is another $16,000.00, but it saves you $431.00 per month in
payments.

$120,00.00 is probably a comfortable number to get your out of this 13 case
and pay off Lawson's 2nd mortgage.

Then you have to think about having money set aside sufficient to pay the
ongoing $3,055.00 mortgage payments to Austin.   It would good to have at
least 12 months' worth of payments (around $37,000.00) until your other
ventures result in sufficient income to cover everything.  

Now we are at $157,000.00 - at 2,000,000 each, you may need to sell 23 more
properties to reach $157,000.00 goal..

Your thoughts..

 

Richard K. Valldejuli, Jr.

2199 Lenox Road, NE, Suite A

Atlanta, GA  30324

Phone (404) 636-9957

Fax (404) 636-5798

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