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this situation with Alan Horowitz, Esq. (of Irvine, California), <br /> the attorney for the first (and only) mortgagee (AmerigUest, <br /> which now is owed some 5650,000), and the Debtor's real estate <br /> broker, Adele N. (Dodie) MacArthur, of MacArthur & Company. Both <br /> the mortgagee's attorney and Ms. MacArthur have suggested that a <br /> listing price of 5875,000, would be more appropriate than the <br /> current listing price of 51,200,000. The Debtor believes that <br /> the property should be listed at a higher figure, but recognizes <br /> that given Ms. MacArthur's,advice, instructions should be sought <br /> from the Court regarding whether to lower the listing price to <br /> 5875,000. A sale in the range of 5875,000, would pay the first <br /> mortgage in full, and provide sufficient funds to pay a very high <br /> percentage of the Debtor's general, unsecured debts. <br /> 9. For these reasons, the Debtor asks, ex arte, for <br /> <br /> _ instructions regarding whether to enter into negotiations for the <br /> County of Hawaii to purchase the Hilo properties for 5175,000 <br /> (which then would be submitted to the Court for approval with <br /> notice to the creditors under Rule 2002(a)(2), Fed.R.Bankr.P.), <br /> and whether to lower the listing price on his residence to <br /> 5875,000. The Debtor expects approval of this ex ap rte motion <br /> will assist the Debtor's Estate in obtaining substantial benefits <br /> for the Estate and creditors of the Estate which otherwise may be <br /> lost. <br /> America mortgage on the properties in full <br /> 3 <br /> <br />