Opinion ID: 2995551
Heading Depth: 3
Heading Rank: 4

Heading: You transferred title to the

Text: property. On June 30, 1999, the FSA wrote plaintiffs a letter that stated, [t]he purpose of this letter is to inform you that the Shared Appreciation Agreement . . . you entered into as a result of receiving a ’debt write down’ will expire on September 14, 1999, which is 10 years after the date you signed it. . . . We have determined the amount of shared appreciation due is $96,500. The FSA calculated the amount due by using the following equation: $345,000 (current appraisal of plaintiffs’ real property) minus $152,000 (1989 appraisal of plaintiffs’ real property) $193,000 (net appreciation) times .50 (Agreement percent share) equals $ 96,500 (appreciation demanded)