Sovran Bank

January 16, 1991
Sovran Bank
Jean M. O'Connell
3440 S. Jefferson St., 81128
Falls Church, Virginia 22041
RE: Sales Finance Account No. 203-06-1850-102210
Dear Ms. O'Connell:
Our records reflect receipt of a payment on November 02, 1988 in the amount of
$11,547.89 on the above-referenced account.
The current balance is $958.68 with a net payoff amount owing of $1,225.15, effective
thrqugh January 15,1991, with the interest daily thereafter at $ 0.33$ per day.
The original terms are:
Date Of Security Agreement: September 29,1988
Total Payments: $ 16,735.80
Amount Financed: $ 12,370.31
Finance Charge: $ 4,365.49
Terms Of Loan: 60 months @ $278.93
A copy of the Security Agreement is enclosed for your review.
As shown on the Security Agreement, the amount borrowed without the finance charge
added was $12,370.31. The amount credited was only $11,547.89, which was decreased
by $136.26 for interest accruals.
Amount Financed (without Interest): $12,370.31
Payment (less interest of $136.26):     -11,411.63
Balance (without Interest accruals):   $     958.68
The interest has been accruing daily from November 02, 1988 at the rate of $ 0.33
bringing the net payoff amount as referenced above.
On December 14, 1988, our records show you spoke with our employee Ms. Patricia
Conley, and the above information was relayed to you at that time. 'The reason we
have not contacted you for payment is the account is not due until March 29, 1992 as
the last payment advanced the due date.
Should you need further assistance, please contact me at (703) 749-1577.
Staff Supervisor
Northern Sales Finance
Sovran Bank, N.A.
7777 Leesburg Pike, Falls Church, Virginia 22043

Car problem

1992.02.18   (Edward White to Anthony O'Connell, copy to Jean Nader)
"Re: Estate of Jean M. O'Connell,
Dear Mr. O'Connell,
In order to prepare your mother's 1991 income tax returns, I need the amount that the Harold O'Connell Trust paid her during 1991. In the event the payment was not made in 1991, I will need to file the amount which was due as "income with respect to a decedent" on the estate tax and fiduciary tax returns. The cutoff date for your computation will be September 15, 1991. After that date the trust technically terminated, and the income belongs to the beneficiaries of that trust. 
Jean and I are making progress on the estate. We have decided to leave the A. G. Edwards accounts in place since they are earning a better rate of return than a bank can give. 
I am trying to get to the bottom of the car problem with Sovran and should be able to get the title soon so that it can be transferred to you before the insurance expires.
Jean has informed me that you and your sisters have decided that it is best to try and list the Accotink property at its actual value as of the of death rather than a higher value based on its future value. Since you have worked so diligently on this problem in the past, could you give me the name of an appraiser who could do a valuation which will take into account all of the county inspired problems. It seems to me that the county value of $600,000.00 is too high based on the hurdles you have run into in trying to develop it.
Could you also send me the address of Lynch Properties?
Sincerely, Edward J. White"


1992.04.04   (Edward White to Anthony O'Connell, copy to Jean Nader)
"I have received your letter of March 30, 1992.
The answers are: 
Question 1. As soon as the money is received, the tax liabilities evaluated and upon consultation with the Co-Executor.
Question 2. Paid. It is not my decision as to what it will cost you, though I have been informed that you know full well.
Question 3.  2 Y % of the receipts into the probate estate if approved by the Commissioner of Accounts.
I would call to your attention that on two separate occasions I drove to Sovran and spent a lengthy period of time on the question of the car loan. I did this in person since: I knew that you had the vehicle, that your sisters wanted you to have it, that the insurance and tags were due to expire soon and I did not want you to be inconvenienced. I could have done all of this by mail and it probably would have taken about three months, knowing the nature of the loan problem. I assumed I was doing you a favor.
Now I receive you letter asking that I "simply pay them the interest" I paid the interest and principal in one check on March 12, received the title on March 22 and mailed it to Mrs. Nader to sign over to you on March 23. Have you any suggestions as to how it could have gone faster?

The information of the commission was given to you previously by Mrs. Nader.
I do not know what your problem is, but in the future, please address all correspondence to Mrs. Nader.
I am trying to be patient with you, but I find that this estate is time consuming enough without having to deal with letters such as the last two that I have received.
Sincerely, Edward J. White"


What was the car problem?