Recent Event Highlights: Thomas and Janice Gear sell 16 Westminister Drive, Dillow updates board members about a change in the deal, Dillow writes another email, H.E.L.P. executive director Charlotte Dillow e-mails the charity’s board of directors, Wade and Janice Gear file paperwork with the Hampton clerk, Wade signs second promissory note , and 6 more...
Created by spittmanprice on Feb 16, 2010
Last updated: 02/18/10 at 05:00 PM
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Aug. 24, 2009 – Wade files for Chapter 13 bankruptcy listing liabilities between $100,001 and $500,000, This is Wade’s third bankruptcy filing dating back to the early 1990s.
Thomas and Janice Gear sell 16 Westminister Drive to Calvary Covenant Ministries for $226,000.
Gear’s re-election committee donates $500 to Calvary Covenant Ministries, a small evangelical church in downtown Hampton, to help sponsor a youth day camp.
H.E.L.P.’s attorney, Hampton lawyer Patrick McDermott, sends an official letter to Dillow detailing Gear’s ownership of the property and Gear Owens’ position with the estate. McDermott said there “is no legal prohibition” to a non-profit buying and selling real estate. H.E.L.P. ultimately does not purchase the property.
Dillow updates board members about a change in the deal: “They now wish for us to purchase the house with the donated funds, and then recoup approximately $13 -15,000 dollars worth of left over cash (which wasn’t part of the original deal YEAH!).” A short time later, Dillow writes a follow-up e-mail to the board informing them the charity’s lawyer is researching the property. “I was very honest with our attorney and stated that we would be very appreciative of a gift of such magnitude and the gift would do a lot of good for the community but we are not willing to compromise our good name and reputation in any way, shape or form.” Ten minutes later, board member Angela Leary replies: “I am leery of the estate. It does involve a state elected official. I hope you look at it carefully.”
In another e-mail to the board of directors, Dillow writes, “I have spoken with the Property Owner about 16 Westminister, the ball is in their court and I’m just waiting to hear.”
H.E.L.P. executive director Charlotte Dillow e-mails the charity’s board of directors with an agenda for a meeting that night. Dillow writes “of course the large item is the gift of 16 Westminister Dr, Hampton.”
Wade and Janice Gear file paperwork with the Hampton clerk removing Wade from the title of the home at 16 Westminister Drive. Wade is paid $20,000, and Tom and Janice Gear take control of the property.
Wade signs second promissory note acknowledging that he owes Williamsburg construction company Branscome Inc. $13,895.82.
Wade and Janice Gear file paperwork with the Hampton clerk acknowledging that Wade has removed his name from the title for the home at 1803 Canterbury Road. Kathy Gear Owens prepares the quitclaim deed. Wade is paid $7,000 and Tom and Janice Gear assume full title of the property.
Wade signs a promissory note acknowledging that he owes Custom Builder Supply Company $11,449.15.
Hampton Mayor Ross Kearney publicly thanks the Cornwall Trust and Kathy Gear Owens for a $350,000 donation to help pay for a large American flag to fly over Fort Wool.
Wade and Janice Gear purchase another home less than a block away at 16 Westminister Drive for $100,000. The Hampton assessor’s office estimated price is $147,100.
http://www.dailypress.com
Mike Wade and Janice Gear – the wife of state Del. Tom Gear -- jointly purchase a home at 1803 Canterbury Road in Hampton for $90,000. The real estate assessment from early 2007 said the house was worth $152,700.
www.dailypress.com
The Cornwall trust sells the family’s longtime waterfront Hampton home for $339,500. Located on Chesapeake Avenue in the Merrimac Shores neighborhood, the home boasts five bedrooms and four bathrooms.
Hampton Clerk of Courts Linda Batchelor Smith certifies Gear Owens as the executor of the trust.
www.dailypress.com
Cornwall, a widow with no children, dies at the age of 87.
Cornwall amends her will, dividing more than $400,000 in stock among a handful of friends.
http://www.dailypress.com
The Cornwall trusts signs over three parcels of property along North King Street in downtown Hampton to Charles Hux. Court records say no money changing hands in the transaction.
Cornwall names Kathy Gear Owens as executor of the estate.
http://www.dailypress.com
Frances S. Cornwall signs her will, which establishes The Frances S. Cornwall Revocable Living Trust.
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