Replies to post #94670 on Tytan Holdings Inc (TYTN)

[jojofla]

The FDIC has problems and may not get any thing at all or very little----this is not over

Instead, the other day, the FDIC decided to act on the Judgement they already had on me personally. That filing, is what has been concerning many of you. Remember, this is about Mark Leonard “personally”. These recent filings are not on Tytan International Inc. These actions are about Mark Leonard’s personal real estate. The Kalama facility in particular. Real estate appraisals in my area are very low and in most cases even below what is owed. Thats the case with a residential property of mine in Kelso. However, my Kalama facility is a different story. It is totally paid off with no mortgage. That is what the filings the other day were all about. Those filings were for only the “real estate property” at 5225 Meeker Drive.

The FDIC paperwork is incorrect. That property is protected under the Homestead act. They do have the right to try and sell it within 60 days. It is NOT about Tytan or its inventory etc. Under the Homestead act, if they did sell it, I would get the first $125,000 personally, in this state.