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Enron Mail |
what is your number at work?
-----Original Message----- From: Livia_Zufferli@Monitor.com@ENRON Sent: Monday, January 07, 2002 3:38 PM To: Zufferli, John Subject: RE: okay, thanks for responding so quickly John.Zufferli@ enron.com To: Livia_Zufferli@Monitor.com cc: jzufferli@shaw.ca 01/07/2002 Subject: RE: 04:01 PM Dad asked if I wanted to lend you some money but I am reluctant to do it at this point in time since: a) I am not completely at liberty to touch all the cash that I have received lately for concern that it may be taken bank under potential creditor action against Enron. Unfortunatelty, without this cash, I really can't afford to lend any. The cash that I received recently represents 80% of the cash that I have and I am not sure when I can count on this cash with any degree of certainty. Therefore, I am reluctant to touch this money for at least 6 months. b) As of right now, I don't have a job after Feb. 28. The new company deal that Enron is trying to structure with its traders and a new buyer will not be done until the month. If this deal falls through, then I have to find a job with another company. In this case, it is most likely that I will have to move back to the US since my contacts and the most lucrative opportunities (i.e. compared the the new Enron deal) are there. c) If I had the cash to give, Dad asked that I could give you a discount to the bank mortgage. With discount rates near 5%, even if I gave you a mortgage at 4%, I don't think the monthly interest saving for you would be material enough. d) I think it is good for you to develop a credit rating with a bank through a mortgage. It is very beneficial for later on in life. Paying visa bills does help you a bit in this category, but not like a mortgage. Hopefully, you can get the financing from a bank. I think that this is the best solution in the long run. -----Original Message----- From: Livia_Zufferli@Monitor.com@ENRON Sent: Monday, January 07, 2002 12:54 PM To: Zufferli, John Subject: Hi John, Wanted to talk to you about the house stuff. Dad told me that he was talking to you about financing options. I just wanted to say that I don't want you to feel compelled to write a mortgage for me -- dad's just trying to explore different options. I know it's a lot of cash, and I would never want to impose on you. I'm sure that I can get a mortgage from the bank at a decent rate, as long as I can put down the 25% down payment so that I can avoid the mortgage insurance, which is costly. I'm cashing in some GICs and other bonds, and Ali's going to lend me $10K, so I will be able to come up with the $55K for the down payment. If writing the mortgage is something that you would like to do for a stable investment, then we can talk too. My time horizon on the condo is 5-7 years, so i recognize that that would hold up your capital for a long while. Anyway, I have to go ahead and get the guarantee of financing within 5 days or so, so I have to make a decision in the next day either way. Maybe you can call, or email me? Livia ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************
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