E-Mail: cibarra@communiversitymagazine.org
An 84-year-old distressed homeowner Betty Bryan's home of 55 years, has been valued at 1.2 million in a recent appraisal, but the land value is much higher as her home sits on a full acre of prime city of Carlsbad real estate near the beach. (The property has development potential for 6 residential units according to Carlsbad City Planning Dept.)
Betty Bryan is prepared to immediately execute a trust deed and promissory note for a prospective investor who can loan her the $15,000 she urgently needs to meet her current legal needs. There are two mortgages; The 1st trust deed is held by $649,000 from Select Portfolio Loans, the mortgage payment payments on her adjustable rate loan have just increased but this loan is being rescinded which will take from 6 months to a year according to her attorney. (Nathan Fransen; 951 520 9684) www.fransenandmolinaro.com/
The 2nd mortgage is $90,000 from Bankerhill Capital.
Kokopelli Community Workshop Corporation; a City of Carlsbad public service organization.
Kokopelli Community Workshop currently holds a 5-year lease a City of Carlsbad property with an obligation to refinance or buy with 84-year-old senior citizen Betty Bryan.
According to Betty's lease contract with Kokopelli Corporation ( see her lease info below) ailing senior, Betty Bryan, will be allowed to stay in her place of residence on the premises, for the remainder of her life, and Kokopelli Corporation will pay her monthly mortgage.
Kokopelli Community Workshop Corporation has been working for with Betty bryan for almost a year to submit grants and subsidies that will benefit and develop her property. During this time Kokopelli has consulted multiple real estate and legal experts. For this reason we have generated very complete financial profile for her property, including a complete legal history, a recorded document file, and recent appraisals, all of which is available on-line and can be immediately forwarded to any potential investor who might be interested in stepping in to help Betty.
BETTY'S CRISES
A recent title report shows that there is also $600,000 "line of credit" trust deed; held by investor Rick Ardissoni who advanced Betty $31,000 and is now attempting to foreclose. (we can make the NOD is available for immediate view on-line)
As of January 22, 2008 Betty Bryan's home has been recorded as being in foreclosure by Ardissoni. Due to his $600,000 line of credit, 84-year old, 50 year resident of Carlsbad no longer has sufficient equity to qualify for a loan, and Ardissoni may soon successfully make Betty homeless.
Since last December, Kokopelli and Betty’s attorneys have futilely tried to demand reconveyance of the inappropriate $600,000 line of credit trust deed in exchange for a either an immediate 44,000 payment or a lower trust deed and but his attorney James Maynard merely states that he is not inclined to reconvey at this time. . Kokopelli’s attorneys met with Ardissoni on January 13th 2008 where it was explained to Mr. Ardissoni that if he allowed Betty’s property to go into a mortgage default; Kokopelli Community Workshop project would not qualify for any of the grants and subsidies that everyone on the Kokopelli Community Workshop financial committee has worked so hard to submit .
In response, Mr. Ardissoni claimed he would just have to protect his interests and referred us to an attorney James Maynard who chooses not to communicate with us and has not responded to any of attorney John Hansen’s many demands on Betty's behalf. (all of these documents are available as PFDs to view on-line)
Betty Bryan feels very fortunate that Attorney John Hansen has expressed willingness to take Ardissoni to court and fight for her rights on the grounds of loan fraud and Elder Abuse. (www.johnmhansen.com/) 760) 722-0322
2170 S El Camino Real, Oceanside, CA
BUT there will be court costs......SO unless Betty can immediate raise the $15,000 urgently needed for legal fees and court costs (a bond must be posted) in order to get her home out of default, senior Betty Bryan stands to become homeless in July, and a valuable community project; Kokopelli Community Workshop will to be lost to the multiple predatory lending tricks.
Details from Betty's Lease agreement with Kokopelli Community Workshop Corporation
The purpose of this lease agreement is to identify the duties and responsibilities of each party, as they relate to the tenancy, financing and use of the property known as: 3745 Adams Street, Carlsbad, Ca. 92008 hereinafter referred to as; the subject property.
The intended use of the subject property and the sole purposes of the subject properties usage shall be lawful tenancy by the following entities: Betty Bryan and Kokopelli Community Workshop Corporation; a non-profit organization, organic food farm, energy efficient facility and educational resource assisting the people of the community with higher learning. This non-profit use of the subject property will increase opportunity for private, corporate, community, business and cultural enterprise based on the community's usage. Betty Bryan will be guaranteed lifetime residency on the subject property under the terms of this lease agreement.
As of June 2008, Kokopelli Community Workshop Corporation will use its fund raising proceeds, grants and subsidy funding to pay rent to Betty Bryan in the amount of $4,500/month for its headquarters, and therefore hold the subject property, located at 3745 Adams Street in Carlsbad California in lawful tenancy. As for and in consideration of this planned usage, Betty Bryan has agreed to be held legally responsible for paying the monthly mortgage for the subject property and for keeping the mortgage in good standing. Kokopelli Workshop Corporation will maintain any records from future partners: grant and subsidy funders, and from prospective refinance lenders. It is Mutually Understood and Agreed by and Between all Parties that: Within 18 months of the date this lease is signed, Kokopelli Community Workshop Corporation will seek a refinance or purchase loan eliminating all the current existing loans on the 3745 Adams Street, Carlsbad, Ca. 92008 property.
Catherine Ibarra
founder and creative director
Kokopelli Community Workshop Corporation www.communiversitymagazine.org/
760 729 8431
An 84-year-old distressed homeowner Betty Bryan's home of 55 years, has been valued at 1.2 million in a recent appraisal, but the land value is much higher as her home sits on a full acre of prime city of Carlsbad real estate near the beach. (The property has development potential for 6 residential units according to Carlsbad City Planning Dept.)
Betty Bryan is prepared to immediately execute a trust deed and promissory note for a prospective investor who can loan her the $15,000 she urgently needs to meet her current legal needs. There are two mortgages; The 1st trust deed is held by $649,000 from Select Portfolio Loans, the mortgage payment payments on her adjustable rate loan have just increased but this loan is being rescinded which will take from 6 months to a year according to her attorney. (Nathan Fransen; 951 520 9684) www.fransenandmolinaro.com/
The 2nd mortgage is $90,000 from Bankerhill Capital.
Kokopelli Community Workshop Corporation; a City of Carlsbad public service organization.
Kokopelli Community Workshop currently holds a 5-year lease a City of Carlsbad property with an obligation to refinance or buy with 84-year-old senior citizen Betty Bryan.
According to Betty's lease contract with Kokopelli Corporation ( see her lease info below) ailing senior, Betty Bryan, will be allowed to stay in her place of residence on the premises, for the remainder of her life, and Kokopelli Corporation will pay her monthly mortgage.
Kokopelli Community Workshop Corporation has been working for with Betty bryan for almost a year to submit grants and subsidies that will benefit and develop her property. During this time Kokopelli has consulted multiple real estate and legal experts. For this reason we have generated very complete financial profile for her property, including a complete legal history, a recorded document file, and recent appraisals, all of which is available on-line and can be immediately forwarded to any potential investor who might be interested in stepping in to help Betty.
BETTY'S CRISES
A recent title report shows that there is also $600,000 "line of credit" trust deed; held by investor Rick Ardissoni who advanced Betty $31,000 and is now attempting to foreclose. (we can make the NOD is available for immediate view on-line)
As of January 22, 2008 Betty Bryan's home has been recorded as being in foreclosure by Ardissoni. Due to his $600,000 line of credit, 84-year old, 50 year resident of Carlsbad no longer has sufficient equity to qualify for a loan, and Ardissoni may soon successfully make Betty homeless.
Since last December, Kokopelli and Betty’s attorneys have futilely tried to demand reconveyance of the inappropriate $600,000 line of credit trust deed in exchange for a either an immediate 44,000 payment or a lower trust deed and but his attorney James Maynard merely states that he is not inclined to reconvey at this time. . Kokopelli’s attorneys met with Ardissoni on January 13th 2008 where it was explained to Mr. Ardissoni that if he allowed Betty’s property to go into a mortgage default; Kokopelli Community Workshop project would not qualify for any of the grants and subsidies that everyone on the Kokopelli Community Workshop financial committee has worked so hard to submit .
In response, Mr. Ardissoni claimed he would just have to protect his interests and referred us to an attorney James Maynard who chooses not to communicate with us and has not responded to any of attorney John Hansen’s many demands on Betty's behalf. (all of these documents are available as PFDs to view on-line)
Betty Bryan feels very fortunate that Attorney John Hansen has expressed willingness to take Ardissoni to court and fight for her rights on the grounds of loan fraud and Elder Abuse. (www.johnmhansen.com/) 760) 722-0322
2170 S El Camino Real, Oceanside, CA
BUT there will be court costs......SO unless Betty can immediate raise the $15,000 urgently needed for legal fees and court costs (a bond must be posted) in order to get her home out of default, senior Betty Bryan stands to become homeless in July, and a valuable community project; Kokopelli Community Workshop will to be lost to the multiple predatory lending tricks.
Details from Betty's Lease agreement with Kokopelli Community Workshop Corporation
The purpose of this lease agreement is to identify the duties and responsibilities of each party, as they relate to the tenancy, financing and use of the property known as: 3745 Adams Street, Carlsbad, Ca. 92008 hereinafter referred to as; the subject property.
The intended use of the subject property and the sole purposes of the subject properties usage shall be lawful tenancy by the following entities: Betty Bryan and Kokopelli Community Workshop Corporation; a non-profit organization, organic food farm, energy efficient facility and educational resource assisting the people of the community with higher learning. This non-profit use of the subject property will increase opportunity for private, corporate, community, business and cultural enterprise based on the community's usage. Betty Bryan will be guaranteed lifetime residency on the subject property under the terms of this lease agreement.
As of June 2008, Kokopelli Community Workshop Corporation will use its fund raising proceeds, grants and subsidy funding to pay rent to Betty Bryan in the amount of $4,500/month for its headquarters, and therefore hold the subject property, located at 3745 Adams Street in Carlsbad California in lawful tenancy. As for and in consideration of this planned usage, Betty Bryan has agreed to be held legally responsible for paying the monthly mortgage for the subject property and for keeping the mortgage in good standing. Kokopelli Workshop Corporation will maintain any records from future partners: grant and subsidy funders, and from prospective refinance lenders. It is Mutually Understood and Agreed by and Between all Parties that: Within 18 months of the date this lease is signed, Kokopelli Community Workshop Corporation will seek a refinance or purchase loan eliminating all the current existing loans on the 3745 Adams Street, Carlsbad, Ca. 92008 property.
Catherine Ibarra
founder and creative director
Kokopelli Community Workshop Corporation www.communiversitymagazine.org/
760 729 8431
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