InvestorsHub Logo
Followers 144
Posts 22143
Boards Moderated 1
Alias Born 10/07/2007

Re: None

Monday, 08/11/2014 10:52:06 AM

Monday, August 11, 2014 10:52:06 AM

Post# of 98488
Here is a new doc. Looks like Lemon has not been living in the Horseshoe Bend home, and obviously, not the Meeker facility.

So Horseshoe is being sold, short sale of course. The first lien holder (Quicken) gets close to repaid, but Heritage fka Cowlitz takes it up the rear end, and loses $250k on a second lien (tax payer money).

The third lien by Heritage had to do with collateralizing the Tytan business loan. Obviously, they get nothing as well.

Hearing on the sale in early September.

http://www.scribd.com/doc/236493049/Sale-of-Horseshoe