Carons business partner, also corroborated this valuation in his testimony, as did the partnership agreement between Mr. McCowans valuation of the residential lot ($50,000.00), and testified that, at the time of the sale, he and his father viewed the remainder of the mortgage ($200,000.00) as having been secured by the forest land and the gravel operation Mr. Sosiks son, Matthew Sosik, a bank executive, who confirmed Mr. It is further substantiated by the testimony of Mr. Both were independent third parties with no prior relationship with Mr. Batista (wholent him the other $25,000.00). Sosik (who granted a $250,000.00 mortgage secured by both properties) and Mr. Caron obtained for the full $275,000.00 purchase price of both lots from Mr. This valuation is corroborated by the arms-length purchase-money financing that Mr.
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