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Since we are on the topics of homes relating to the Sherman’s; did you know that Sherman in fact owned the home his ex-CEO JD lived in with his wife K? Paid $3.15 million for it over a decade ago or in the early 2000’s and is apparently located in the vicinity of Old Colony Rd.
The ex-CEO JD apparently still did not own this when he resigned this past January. I wonder if he has ever made any payments towards it?
It was an interest free mortgage extended by BS as an IOU of sorts.
The problem with this is that in the end when JD left his CEO position (rather abruptly) this past January [on the same day Det. Gomes accounted the targeted double murder], the ex-CEO’s home still wasn’t paid off and it still belonged to BS as an IOU.
Both the ex-CEO and his wife worked at the same company. Both had PhD’s I believe. You would think they would have gotten their own mortgage at the bank and not an IOU through BS?
It seems like a nice gesture at first, but it seems complicated and messy now.
It almost can feel like a bribe by your boss.
Seems odd to me.
The ex-CEO’s home is worth probably $6 million now.
Problem is, it means nothing if you are not registered on the house deed and your now deceased ex-employer is.
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I agree with you, miele.m, that it seems that BS was holding JD with some strings to the home. The reports make it seem as though BS just held the mortgage.
JD owns the home with his wife and has never paid a mortgage payment or interest, while the home's equity increases.
...but at the same time I'd imagine there might be clauses in the mortgage that might be in BS's best interest if their relationship soured.
The two men clearly enjoyed a close relationship. In fact, it was Sherman who personally provided a $3.15-million mortgage—at zero interest, with no payment schedule—for the upscale Toronto home that Desai and his wife, Kalpna, purchased when they first moved to Canada. When the Shermans were killed, the full mortgage remained outstanding.
http://toronto.citynews.ca/2018/03/...ns-drug-company-fights-back-pillow-talk-suit/
ETA: with all the conflicting reports in the media, the ownership of the home may also be incorrect.