Dear In-Laws,
Just wanted to do a quick summary of our meeting last night.
*You will consult with June McCall to verify the state of the local real estate market. We all agreed that to sell the Blueberry property right now would result in a loss for all parties involved. A unilateral decision was made that Chris and I would resume mortgage payments and we would wait for the market to improve.
*Chris and I will resume paying the mortgage as of May 08. I would like to propose that we pay you $2000/month to go toward paying off our loans to you. With this money you can pay the mortgage and still use the mortgage payments on YOUR taxes. By my calculations we could finish paying off all our debt to you Jan 09. I think that it is vital that this debt is repaid ASAP for everyone involved. At the point that the debt is paid in full, we will continue paying the mortgage as a write-off for our taxes.
*Chris will contact Ikea to sort out the part shortage and possibility of returning the countertops.
*Chris and I will finish the 2nd bathroom and kitchen remodels, interior & exterior painting, and general maintenance of the property. This will ensure that when the market improves, we will be ready to sell the house.
*You have hired someone to do a spring clean-up, as well as apply fertilizer and grass seeds for Summer 08. I understand that the cost of the lawn maintenance for the previous years was high and that money is tight. As was offered the previous years, Chris and I are willing and able to do this ourselves in order to get a greater return on our investment. Please let us know what EXACTLY is expected of us, in order to prevent future misunderstandings.
*It is our understanding that our responsibilities in regards to the lawn is watering and mowing.
*Let us be extremely clear…Under no circumstance is anyone to apply pesticides or herbicides to the lawn while we are living here. There is absolutely no good reason to dump more toxins into our water source!
Thank you,
Chris and Kari


