My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
GENERAL43962
DRMS
>
Back File Migration
>
General Documents
>
GENERAL43962
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/24/2016 8:12:44 PM
Creation date
11/23/2007 12:44:38 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1980020
IBM Index Class Name
General Documents
Doc Date
12/19/1996
Doc Name
OBJECTION OF THE CREDITOR DARLENE J FEHR TO THE TRUSTEES MOTION FOR APPROVAL TO SELL PROPERTY FREE
Media Type
D
Archive
No
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
,, ~ ~ - <br />$570,000. This appraisal did not even include five assessor's parcels owned by the Deb[or at <br />the same location, which total an additional 26.03 acres, more or less, and a mobile home <br />located on the additional acreage which has an assessed value for tax purposes of $7,229.00. <br />The appraisal also notes that "the well is satisfactory," apparently ignoring the existence of 3 <br />good wells on the property in an area that has experienced dry wells in past years. ~, the <br />attached article from National Geographic magazine published in November, 1996). Ye[ the <br />trustee is now willing to accept an offer fora [oral consideration that is approximately $155,000 <br />less than the amount of the appraisal! This proposed sale should be rejected by the Court. <br />5. In addition, the trustee received a tentative offer in October for $520,000, in <br />which the purchaser also agreed to accept the obligation of the bond. According to the trustee's <br />counsel, this offer was withdrawn when the purchaser inspected the property and saw asbestos <br />shingles that had been dumped somewhere on the south 20 acres. (This was asecond-hand <br />report that counsel had received from the realtor approved by the Court to show the property). <br />The purchaser, Mr. Roger Losaw, has recently told Mrs. Fehr that he did not see any asbestos <br />on the property and had simply withdrawn his bid because he wanted flatter ground more <br />suitable for building or other uses. When Mr. and Mrs. Fehr looked at the site in the company <br />of the realtor during the week of December 2, he again claimed that asbestos shingles had been <br />dumped on the property, and tha[ it might take $150,000 to clean up the site. Yet when asked <br />to point out the shingles, the realtor couldn't fmd any and didn't know where they had gone. <br />It thus appears that the amount that the trustee is willing to take for the property has been <br />reduced based upon an unreliable report concerning an environmental problem that has never <br />been documented. <br />6. The only environmental issue that has ever been documented is the existence of <br />two gas pumps and buried tanks within the property. Yet these were fully disclosed in the <br />appraisal done for the trustee which genera[ed the $570,000 valuation. The proposed sale should <br />be rejected, and, if appropriate in the opinion of the trustee or if required to sell the property, <br />an environmental analysis conducted to determine if there really is a problem. <br />7. It also appears that the property has not been marketed in a fashion calculated to <br />obtain the best value possible. Among the problems noted by Mr. and Mts. Fehr during their <br />inspection are the following: <br />a. Jim Braley Jr., the Debtor's son, and Lyrm Braley have been allowed to <br />remairi on the property and to keep a number of Rotweiller dogs on the site. According to the <br />realtor, this has been a detriment in showing the house, and Lynn has been "rude" to potential <br />buyers, thus discouraging them from inspecting the property; <br />b. Dog feces are scattered in the livingroom and the floor of one of the <br />basement rooms is almost totally covered with dog feces; <br />c. Water is leaking from the upstairs down into the basement; <br />2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.