SUBMIT OFFER

SUBMIT OFFER Date: Oct 11, ' 009 Listing Agent Selling Agent Property 70 Washington Street Brooklyn, NY Apt: 2i Asking Price: $ 1,785,000 Buyer 1: Peter Selzer Buyer 2: Linda Selzer Address: Address: Same Rent El How Long? 4 Rent Ill Own K How Long? Employer: Self-employed Employer: Freeport School District Position: 34 years Position: 20 years Hire Date: Hire Date: Annual Salary: $350,000 Annual Salary: $96,000 Annual Bonus: $ Annual Bonus: $ Other Income: $ $ Schedule C income if self-employed: I $ Schedule C income if self-employed: I $ Total Income: I $350,000 Total Income: I $96,000 Assets Buyer 1 Buyer 2 Liabilities Buyer 1 Buyer 2 Cash in Banks $645,000 $590,000 Mortgages on Real Estate $650,000 $ Other liquid assets $120,000 $75,000 Installment loans (e.g., auto) 8400/month $387/month Stocks/Bonds $ $90,000 Other accounts payable 0 0 Retirement Accts. $1,550,000 $312,000 Credit card balances $2000 $1.500 Real Estate owned $2,000,000 $1,400,000 Unpaid taxes 0 0 Other Assets 0 0 Other debts 0 0 Total Assets $4,315,000 $2,467,000 Total Liabilities $652,400 $!,887 Combined Assets $6,782,000 Combined Liabilities $654,287 Purchase Price Offered: $1,500,000 NI cash-YES or Financing: 75%❑ 80%❑ 90%❑ 0% Total Cash Down: $200,000 Source of Downpayment: Cash Pre-Qualified: Yes K No K Letter Attached: Yes K No K Pre-Approved: Yes K No K Letter Attached: Yes K No K Contingencies: K Need to Sell First K Engineering Report K Gift Other: Buyer bidding or planning to bid on more than one property? Yesrl Non Closing Date: Dec. 2009 Comments: Please call us for any questions: Purchaser Signature: Peter A. Salzer Linda Salzer EFTA00729895