- 8 - Claudia Walker agrees to pay deferred property taxes on hers and Bert’s share. The Settlement Agreement was also signed by Mr. Walker, but it was not dated by him. On September 26, 1997, Mr. Walker signed and had notarized the quitclaim deed that conveyed his 25-percent interest in the Happy Valley property to petitioner. The Settlement Agreement was attached to the quitclaim deed and provided the consideration for the transfer of Mr. Walker’s 25-percent interest in the Happy Valley property to petitioner. On September 30, 1997, petitioner signed an earnest money agreement with a new and unrelated prospective buyer, Parker Development Northwest, Inc. (Parker Development), for the potential sale of the Happy Valley property. The earnest money agreement acknowledged earnest money of $200,000 and provided for release of that $200,000 to the listed sellers, petitioner and the Walker Family Irrevocable Trust, by October 15, 1997, and closing on or before October 31, 1997. On October 1, 1997, the trustee for the Walker Family Irrevocable Trust, which, as previously noted, owned a 50-percent interest in the Happy Valley property, signed the earnest money agreement. Mr. Walker did not sign the earnest money agreement and is not mentioned in this document. The quitclaim deed that conveyed Mr. Walker’s interest in the Happy Valley property to petitioner was recorded onPage: 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