3-11-13 12:00pm Mon. (*2)
The law
says we must give 10% of the price of the condominium in cash to start the
deal. She agreed to sell for 5.65 million NT ($195,000us) which means we need
to give her 5.65 thousand NT ($19,500us) as soon as possible. Leona transferred
$70,000 from out home equity loan to our checking account which is the account
she used to transfer money to our (technically ‘her’) Cathay Bank Account in
Taiwan. This evening I will call the assistant manager at TD Bank in Brooklyn
and hopefully she will be able to initiate a transfer of $70,000 without having
to go back in person to do it. We will need a total of 30% down payment for the
mortgage here, when, we’re not sure, but we may as well transfer all the money
we’d need at one time. Leona’s brother is loaning us 150,000NT ($5,172us) and
will bring the cash in half an hour. Jenny’s real estate agency (U-Trust) is
loaning us the remaining $14,328us until we can re-pay them from the bank
transfer from Brooklyn in, perhaps, four days. We will meet the owner tonight
at 8:30pm to sign the deal.
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