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$2,037. The amount of $5,000 was paid to Mr. Carey's law firm as
his fee for procuring the Burlington property, representing
petitioners in the negotiations with the lenders, sale of the
property, and preparation of documents. The remaining balance of
$211,996.72 was paid to Deborah.
The Jacksonville Golf and Country Club Residence
On October 1, 1989, petitioners had signed a contract to
purchase the house located at 13055 Sandwedge Court,
Jacksonville, Florida, at the Jacksonville Golf and Country Club
(the Jacksonville Golf house or property). The Jacksonville Golf
house had four bedrooms, three bathrooms, a sauna, a fireplace,
and a swimming pool; it was the model house for that development
and thus was fully furnished. The purchase price was $368,000.
On December 15, 1989, Deborah received title to the Jacksonville
Golf property. Mr. Bowers is an entrepreneur involved in
numerous business activities and has always made it a practice to
title the family residence in his wife's name.
Petitioners had applied to the Barnett Bank of Jacksonville
for a mortgage in the amount of $200,000 to purchase the
Jacksonville Golf property. Mr. Bowers had met with the mortgage
officer on October 10, 1989. The name of Mr. Bowers appears in
the Borrower section of the application, and that of Deborah in
the Co-Borrower section. The Mandarin house address was given as
the present address for both petitioners, and the application
stated that both had lived at that address for 9 months. The
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