Replies to post #81667 on NSAV Holding Inc (NSAV)

[Zentrauma]

I believe that was the plan all along..... Brilliant!!!!

[brojazzy]

He somehow paid 325K to buy it

Do you have a link to back this up with?

[Major Profits]

Don't think he got it. :-(

And it's not as simple as you think. You are forgetting, the debt was for $1,847,727.25 and it sold for just $325,000.00 :-( which would be applied towards that debt. That would leave a "deficiency balance" of $1,522,727.25 (and I'm pretty sure interest is added daily, not positive though.) Thus his wife (Red Mansion, LLC) still owes a TON on it. But, pretty sure a BK might be a way out. :-)

P.S. Oh, forgot about the insurance claim though. Oh well, too late for a settlement now and money to be used for the auction. But that's another matter.

JMOs

GLTY