From: drsra To: Jeffrey Epstein <jeevacationggmail.com> Subject: FW: National City Bank v. Hardman Development Date: Tue, 11 Oct 2011 13:31:12 +0000 Attachments: Letter of Intent_-_updated.pdf; HUD_revised.pdf FYI - - On Mon, 10/10/11, Trent Steele From: Trent Steele < Subject: FW: National City Bank v. Hardman Development To: "drsra" Cc: "Leanne Seibert" Date: Monday, October 10, 2011, 2:49 PM Now we're getting somewhere. From: Kranz, Michael T. [mailto Sent: Monday, October 10, 2011 2:31 PM To: Trent Steele; '[email protected]' Subject: National City Bank v. Hardman Development wrote: Attached is a letter of intent and proposed HUD statement for the sale of the property which is the subject of the above referenced lawsuit. This e-mail is sent for settlement discussions only and shall not be binding upon any parties. PNC Bank has indicated that it is most likely willing to approve this sale if the Guarantors could pay an additional $100,000.00 beyond the proceeds to be paid PNC Bank from the closing. In exchange for these payments, PNC Bank would be willing to release the Guarantors and satisfy the Mortgage. Please advise if your clients are willing to pay PNC Bank the $100,000.00 in addition to the closing proceeds set forth in the HUD. If so, the PNC account representative responsible for this file will seek committee approval to permit PNC to accept this settlement proposal. Please do not hesitate to contact me if you have any questions regarding this e-mail. I look forward to hearing from you. Michael T. Kranz Attorney Direct: 561-650-0438 EFTA00921469