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Background Check Summary for
ARMANDO G. MARTINEZ
Explanation for Record Fond
Tab 8
From: Armando Martinez]
To: Kathyrn Knutson
Kathryn,
I am the person listed and identified in your search. Unfortunately, I as many other Americans in our
country who invested in the real estate market, am suffering from the current economic situation our
country is facing. I have purchased and sold many properties throughout the years and have always paid
my creditors.
However, there are some unique circumstances surrounding these issues for which I had to contract an
attorney to defend my interests. Early on I contacted my mortgage company and attempted to
refinance some of the properties I invested in. This has seemed impossible since the property is
appraised significantly lower than the purchase price. The two specific properties listed are currently
being worked through the legal system and resulted in the civil action I initiated.
My attempt all along is to refinance at a lower interest rate to secure these properties until the market
returns. However, I am also currently considering placing the homes as short sales and am willing to take
a substantial loss to settle my debt with my creditors.
Thank you, I appreciate your time.
-Armando Martinez
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