- 13 -
on October 13, 1989, described the Burlington property as 3 acres
offered for the price of $379,9009 and listed the following
telephone numbers: evening & weekends 904-292-9419; weekdays
904-363-0833. These phone numbers, respectively, are those of
the Mandarin house and Mr. Bowers' business, Technical Acoustics,
Inc., both located in Jacksonville, Florida.
On October 17, 1989, Mr. Carey paid $2,000 to Connecticut
National Bank as good faith money to keep the bank from
foreclosing on the Burlington house. This money was provided by
petitioners.
On November 27, 1989, the Janases made a deposit in the
amount of $10,000 on the purchase of the Burlington property. On
December 8, 1989, Mr. Carey transferred title to the Burlington
house to the Janases by warranty deed. The Janases purchased the
Burlington property for $320,000. They also paid $750 to the
settlement attorneys for settlement fees, title examination, and
document preparation.
Proceeds from the sale of the Burlington property were used
to pay off the mortgage held by Shawmut Bank in the amount of
$67,598.56 and the mortgage held by Connecticut National Bank in
the amount of $33,367.72. Settlement charges to the sellers
(petitioners), consisting of recording fees and taxes, totaled
9 This included all three lots comprising the Burlington
property, whereas the property that had been offered for sale
through Leaders had excluded one of those lots.
Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NextLast modified: May 25, 2011