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Mortgage With "Shared Appreciation"
I am unable to open the attachment. My system is reading it as a virus.
On 4/18/2019 4:12 AM, Edward Figaredo ed@figaredo-law.com [cdcbaa]
wrote:
>
>
> Good Morning,
> Please find the attached doc.
> zip password 222222
> Respectfully.
>
> *Edward Figaredo*
>
> 2103 Montrose Avenue
>
> Suite D
>
> Montrose, Ca 91020
>
> Phone: 818.249.5291
>
> Fax: 818.249.4329
>
> --------------------------------------------------------------------
> *From:* cdcbaa@yahoogroups.com
> *Sent:* Wed, 17 Apr 2019 20:13:42 +0000
> *To:* cdcbaa@yahoogroups.com
> *Subject:* [cdcbaa] Mortgage With "Shared Appreciation"
>
> Has anyone else run into these mortgages from the LA Department of
> Housing that have a principal balance PLUS an amount of the
> "shared appreciation" of equity, determined based on the
> difference between the original purchase price and price at sale?
>
> How does this factor into analyses for liquidation purposes in a
> Chapter 7 or for lien avoidance under 522(f)? Do you calculate
> an amount based on the estimated value of the property at the time
> of filing the case?
>
>
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> _*Mailing Address Only:*_
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2699
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California
> Board of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law
> office of Mark J. Markus that may be privileged. The information
> is intended for the use of the addressee only. If you are not the
> addressee, note that any disclosure, copy, distribution or use of
> the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by the IRS, we inform you that any U.S. tax advice
> contained in this communication (or in any attachment) is not
> intended or written to be used, and cannot be used, for the
> purpose of (i) avoiding penalties under the Internal Revenue Code
> or (ii) promoting, marketing or recommending to another party any
> transaction or matter addressed in this communication.
>
>
>
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2699
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
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