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Residential Rental Purchase Agreement dated September 16,
1983, between EPIC and U.S. Home. Furthermore, the
settlement statement for the sale of five of those
properties lists the seller as U.S. Homes. The record does
not contain the settlement statement for the sale of 12103
Kingslake Forest Drive.
At trial, respondent introduced warranty deeds that
show that on or about June 1, 1982, the two properties on
Heronwood Drive were transferred by U.S. Home to Tanmis
Models, Inc., and on or about August 26, 1983, were
transferred by Tanmis Models, Inc., to EA 84-III.
Respondent also introduced warranty deeds that show that
on or about September 1, 1981, the four properties on
Kingslake Forest Drive were transferred by U.S. Home
to Dyblof Models, Inc., and on or about August 26, 1983,
were transferred by Dyblof Models, Inc., to EA 84-III.
Apparently, these six properties were models that EPIC
acquired from U.S. Home through companies affiliated with
EPIC, Tanmis Models, Inc., and Dyblof Models, Inc., and
leased back to U.S. Home. Under its agreement with EPIC,
U.S. Home had the right to buy each property back at the
original purchase price at the end of the lease term.
EMI assigned to CSL its interest in each of the
promissory notes and related deeds of trust that had been
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