The total cash Lester Shreffler received through the sale-leaseback was less than half his equity

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3

2

EasyKnock then sold his house to

a third party for $244,000 — less than

the company bought it for. After

deductions, Shreffler received $27,318

in proceeds for his retained equity.

After selling to EasyKnock,

he retained a portion of that

equity. He received some cash,

and his mortgage was paid off.

In a sale of $250,000,

Lester Shreffler had

$137,701 in equity.

$250K

Mortgage payoff:

$112,299

$200K

Mortgage:

$112,299

Portion to

EasyKnock:

$182,963

$150K

Closing costs,

fees and rent

prepaid to

EasyKnock:

$19,871

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Equity:

$137,701

Shreffler received a

total of $65,757 in cash

over the course of this

transaction.

Equity retained:

$80,000

$100K

Total sale

costs:

$22,502

$50K

Rent Shreffler

owed to

EasyKnock:

$11,217

Shreffler received:

$38,439*

Shreffler received:

$27,318

$0K

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2

3

After selling to

EasyKnock, he retained

a portion of that equity.

He received some cash,

and his mortgage was

paid off.

In a sale of $250,000,

Lester Shreffler had

$137,701 in equity.

EasyKnock then sold his house to

a third party for $244,000 — less than

the company bought it for. After

deductions, Shreffler received $27,318

in proceeds for his retained equity.

$250K

Mortgage

payoff:

$112,299

Portion to

EasyKnock:

$182,963

Mortgage:

$112,299

$200K

4

Closing costs,

fees and rent

prepaid to

EasyKnock:

$19,871

$150K

Shreffler received

a total of $65,757

in cash over the

course of this

transaction.

Equity:

$137,701

$100K

Equity

retained:

$80,000

Total sale

costs:

$22,502

$50K

Rent

Shreffler

owed to

EasyKnock:

$11,217

Shreffler

received:

$38,439*

$0K

Shreffler

received:

$27,318

1

In a sale of $250,000, Lester Shreffler had

$137,701 in equity.

$0K

$50K

$100K

$150K

$200K

$250K

Mortgage:

$112,299

Equity:

$137,701

2

After selling to EasyKnock, he retained a

portion of that equity. He received some cash,

and his mortgage was paid off.

Mortgage

payoff:

$112,299

Equity

retained:

$80,000

Closing costs, fees and rent

prepaid to EasyKnock: $19,871

Shreffler received:

$38,439*

EasyKnock then sold his house to a third

party for $244,000 — less than the company

bought it for. After deductions, Shreffler

received $27,318 in proceeds for

his retained equity.

3

Portion to

EasyKnock:

$182,963

Shreffler

received:

$27,318

Rent Shreffler

owed to EasyKnock:

$11,217

Total sale costs:

$22,502

Shreffler received a total of

$65,757 in cash over the

course of this transaction.

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