- 7 - Decedent and Ms. Friedeberg jointly obtained interests in several other properties after they began living together. On February 10, 1983, decedent and Ms. Friedeberg acquired property located at 406 Chenery Street (Chenery), San Francisco, California, as joint tenants. The total downpayment for Chenery of $31,841.50 consisted of $1,000 cash and a check dated March 10, 1983, for $30,841.50. The cash and the check funds were drawn from a checking account held at California Federal Savings Bank, which account was in the joint names of decedent and Ms. Friedeberg. The parties agree that the fair market value of Chenery as of the date of decedent's death was $250,000. On September 12, 1984, decedent and Ms. Friedeberg acquired property located at 941 Dolores Street (Dolores), San Francisco, California, as joint tenants. The purchase price of Dolores was $290,000. The escrow closing statement for the purchase of Dolores shows that a downpayment of $59,514.98 was made in the form of a deposit, and the closing statement names both decedent and Ms. Friedeberg as the parties making the downpayment. On September 13, 1984, as part of the purchase transaction, decedent and Ms. Friedeberg assumed a previous loan from American Savings and Loan Association in the amount of $117,218.39 payable to the previous owners of the property. Decedent and Ms. Friedeberg also signed a note secured by a deed of trust in the amount of $112,781.61 payable to the previous owners. The parties agreePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011