Word: mortgagees
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Dates: during 1980-1989
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But as the pace of the talks quickened last week, the two sides remained far apart. GM and Ford delivered initial proposals that made scant reference to either guaranteed job security or wage hikes, two key worker issues. Complained Stephen Yokich, the U.A.W. chief Ford bargainer: "We're not...
When Zaccaro sought a buyer for her interest in this building, he went to Lerman. They decided a fair market price was $325,000, nearly twice what Lerman and Ferraro had paid for the property five months earlier. (This value estimate was not unreasonable, it turned out, since the building...
Zaccaro promised Lerman he would buy back Ferraro's share for $100,000. Thus Lerman knew he would get back his cash payment of $100,000. In buying the half-share, Zaccaro would acquire half the mortgage obligation.
Ferraro repaid the illegal campaign loans in October 1978 with the proceeds from 231 Centre Street and $30,000 from the sale of her interest in an unrelated mortgage. The FEC eventually fined her campaign $750. Zaccaro bought back the interest in 231 Centre Street in January 1979, after his...
When Ferraro and Zaccaro filed their last joint tax return in April 1979 (they have since filed separately), they substantially underestimated the profit on the building sale. They listed the original purchase price as $90,311, which was accurate enough ($87,750 plus $2,561 in closing costs). But they...