November 6, 2008

All of the sudden, they need additional information from us, after telling us 4 days earlier that the deals had been approved. The document they sent to us was a simple client information sheet with contact details, etc. They had all of the requested information prior to sending us this form.


Hi Gil,
Based upon our latest conversations... you could send these papers to the "lady" and advise that the delay in getting the paperwork completed via the lawyers has been because we have been waiting for this information to be returned to us so we can proceed.

Client #1..
1. Client Information sheet must be completed giving us the lawyers
names and contact details
We have the appraisal of the property (xxx court) along with the title details and other information to prepare the offer, and all of that fits our lending criteria, and we are very happy and ready to proceed.. but need these other details to be able to finalise matters and get the offer to their legal people.
Best regards,
Paul.

And another email regarding Client #2:

Hi Gil, Based upon our latest conversations... you could send these papers to the "lady" and advise that the delay in getting the paperworkcompleted via the lawyers has been because we have been waiting for this information to be returned to us so we can proceed.TEXAS..1. Client Information sheet must be completed giving us the lawyers names and contact details along with project details and valuations etc.. This one is a shocker... I have on hand the tax returns for the company (ZZZZ) and the P & L for a companycalled XXXX Investments Limited along with a profile for the "new company" YYYY Investments LLc. and that is it...no project details.. no security detailsno loan timing or other information regards to draw down or anything.. NADA.. NIET.. ZILCH..!!I also asked Matthew for these informations over ten days ago..Best regards, Paul.

At this point, Paul Douglas blamed the broker, Matthew Jackson for not sending the information. All information had been sent to Matthew Jackson prior to this email and nobody had contacted the clients directly for any additional information.