Download pptx - Interactive Property Time Line

Joness

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Mr. Smith Admits That There Was An Oral Partnership Agreement With Dr. Jones To Purchase The Property.

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Purchase Price:Down Payment:Loan:Monthly Payment:Seller:Buyers:Title:

$370,000$60,000 Paid By AJ$310,000$3,500Sara HillAJ & ZSAJ & ZS as Tenants in Common12/29/92

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7/19/97Mr. Smith Signed A Declaration Stating that he and Dr. Jones Owned the Property

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Landlords:

Tenant:

Length of Lease:Rent:

Dr. Jones & Mr. SmithMr. Smith, as Car Service10 Years$22,000/Year3/25/98Commercial Lease

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Mr. Smith Admits That He Never Told Dr. Jones That He Was Not An Owner Of The Property.

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Refinance Amount:Monthly Payment:Borrowers:

Guarantor:

$208,424/10 Years$1,463 - $2,569Dr. Jones & Mr. SmithMr. Smith, as Car Service4/6/98First RefinanceHome Savings & Loan

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8/20/03Dr. Jones files Chapter 7 Bankruptcy.Dr. Jones Claims His Ownership Interest In the Property.


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JonessAJAJAJAJAJAJAJAJAJBakerBakerAJAJMedical Center

3/7/08Mr. Smith Signed Declaration in ADA Case Stating that He Co-Owns the Property with Dr. Jones.


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Landlord:Tenant:Length:Rent:

Mr. SmithJames Baker2 Years$30,000/Year8/1/08Commercial Lease


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8/1/08Mr. Smith Admits That Dr. Jones Owns A One-Half Interest In The Property.


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JonessAJAJAJAJAJAJAJAJAJAJAJBakerBakerAJAJMedical Center

1/21/09Deed Recorded Correcting The Spelling of Mr. Smith's First Name.Deed Still Shows Dr. Jones and Mr. Smith Own The Property As Tenant In Common.


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Loan Amount:Payment:Borrowers:

$102,000/10 Years$584-$620/MonthMr. Smith (Dr. Jones & Mr. Smith Signed A Deed of Trust)1/21/09Second RefinanceCalifornia Bank & Trust


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JonessAJAJAJAJAJAJAJAJAJAJAJAJMillerMillerBakerBakerAJAJMedical Center


Car Service, LLPFrank Miller5 Years$28,200-$30,000/Year1/1/12Commercial Lease


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1/4/12Mr. Smith Still Believes that Dr. Jones Still Owns Half of the Property.


JonessAJAJAJAJAJAJAJAJAJAJAJAJAJDavisDavisAndersonMillerMillerBakerBakerAJAJMedical Center

5/14/13Mr. Smith's Attorney Sends Dr. Jones A Letter Stating That He "Cannot Assert An Interest In [The Property]"


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Mr. SmithHenry Davis5 Years$26,400 - $30,000/Year11/21/13Commercial Lease


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JonessAJAJAJAJAJAJAJAJAJAJAJAJAJDavisDavisWilsonAndersonMillerMillerBakerBakerAJAJMedical Center

JonessAJAJAJAJAJAJAJAJAJAJAJAJAJAJDavisDavisWilsonAndersonMillerMillerBakerBakerAJAJMedical Center

1/4/12Mr. Smith Still Believes that Dr. Jones Still Owns Half of the Property.

JonessAJAJAJAJAJAJAJAJAJAJAJAJAJAJDavisDavisWilsonAndersonMillerMillerBakerBakerAJAJMedical Center