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Lot Grantee
1 Patrick O’Malley, Custodian for Megan O’Malley
2 Thomas Galvin
3 Patrick O’Malley and Valerie O’Malley
6 Patrick O’Malley, Custodian for Bradley Galvin
7 Patrick O’Malley, Custodian for Kevin J. O’Malley
8 Patrick O’Malley, Custodian for Hanna Galvin
9 Patrick O’Malley, Custodian for Edward P. O’Malley
10 Patrick O’Malley, Custodian for Tara O’Malley
13 Patrick O’Malley, Custodian for Connor O’Malley
Sometime in the fall of 1999 before December 2, 1999, peti-
tioners concluded that they needed substantial funds to meet
certain financial obligations, including certain obligations with
respect to petitioners’ second loan on the Severn Chapel Road
property. Because of the amount of debt that they had outstand-
ing, petitioners were unable to meet such obligations by borrow-
ing additional funds from one or more financial institutions.
Mr. O’Malley made a proposal to his brothers Kevin O’Malley and
Edward O’Malley (brothers) under which they would accommodate
petitioners’ financial needs. Mr. O’Malley proposed to his
brothers that, as part of petitioners’ respective transfers to
them of lots 5 and 12 pursuant to petitioners’ family subdivision
agreement, his brothers obtain loans secured by their respective
lots and provide the loan proceeds to petitioners.
Mr. O’Malley made inquiries at F&M Bank in order to ascer-
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Last modified: November 10, 2007