Showing posts with label lawyer. Show all posts
Showing posts with label lawyer. Show all posts

Friday, January 2, 2009

The Meeting (part 2)

Jen and I were the first to arrive at the meeting, we got there about 8:20. At 8:30 we went into the bank and waited by the fireplace in the lobby. Stacee and the Lighthouse crew got there about the the same time and everyone filed into the conference room. Rob stopped us and told us about how they all came down in the same pickup truck and that he was freezing in the back, because something was wrong with the heat or something. It was very cold that day.

We got into the room and Stacee opened the meeting by suggesting that we go over the numbers. Mel, Stacee and I had all brought "number" sheets so we started going over them. My numbers were a bit off because I hadn't updated them from the most recent draw request, but we all had similar numbers... However, Mel still had 17,000 in profit, but the draws added up to 349k. He didn't realize that we were only going to pay 349k, or didn't connect the fact that we had paid all we were going to pay for the house.

When the facts started to sink in, Mel and Stacee went off to a cubicle to discuss the situation. In the mean time Jen and I were left with Steve, Rob and Rick in the conference room. We decided to discuss the overage agreement that I had written up.

Wednesday, December 31, 2008

The Lawyer

So for the past couple of months we have been noticing that Lighthouse has been over on quite a few of the line items on the draw logs. Needless to say this has been a bit concerning and we were worried where we stood on how much of the overages we would have to pay.

So I called the one lawyer I know (Luke) and asked for a good real estate attorney in the Cities. Luke gave me two names and using a coin I ended up calling one. We chatted for a couple minutes and he asked that I send some of the paper work we had collected over, but I asked for a face-to-face meeting as our situation is a bit complicated.

We had the meeting during which Tom (our lawyer) was pretty much confused and disgusted with the situation. We suggested that we set a meeting up with them and get everything down on paper in order prior to releasing anymore money to them. He gave us some pointers on how to write the agreement that we proposed, and said that it was in our best interest to handle it directly with them.

I wrote up an agreement and sent it to him to look over, then sent to Lighthouse.