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ALBERTELLILAW <br />ATTORNEYS AND COUNSELORS AT LAW <br />GRACE D. FAULxENBERRY <br />OCT 1 1 2018 <br />TELEPHONE pro) "aIli9t <br />ADRI NAv.TOOMEW-MaANDEZ FACsr MILE:(i )9P OW <br />ut@,SBp Iry NO0.TH [dAOU W <br />Board of Commissioners <br />Cabarrus County <br />PO Box 707 <br />Concord, NC 28026-0707 <br />Dear Board of Commissioners, <br />This letter is in reference to an erroneous Excise Tax payment made by our firm during a <br />recent conveyance of property located at 119 Moss Drive, Concord, NC 28027, Parcel Number <br />4680-19-1986-0000 (the "Property"). The aforementioned Property was transferred for value <br />from OfferPad (SPVBorzowerl), LLC to Theresa Hoogendoom by a Special Warranty Deed <br />recorded September 24, 2018 in Book 13195, Page 216 of the Cabanas County Register of <br />Deeds. Prior to that conveyance, the Property was first transferred from OfferPad (SPV Borrower <br />12), LLC to its subsidiary company, OffefPad (SPVBorrowert), LLC, by a Quit Claim Deed also <br />recorded on September 24, 2018 in Book 13194, Page 22 of the Cabatrus County Register of <br />Deeds. This conveyance was not for value and therefore not subject to Excise Tax. <br />It has since come to our attention that both the Special Warranty Deed and Quit Claim <br />Deed recorded with the Register of Deeds show an Excise Tax amount of $300, meaning that the <br />Excise Tax was mistakenly paid twice for the transfer of this property. We are therefore <br />requesting a refund for overpayment of taxes in accordance with G.S. § 105-228.37. Copies of the <br />recorded Quit Claim and Special Warranty Deeds are attached hereto for your reference, along <br />with a recorded Affidavit of Correction addressing this issue. Thank ,you and please feel free to <br />contact us at the address and telephone numbers provided in our letterhead should you have any <br />questions. The $300.00 excess funds may be returned via check made out to Albertelli Law and <br />mailed to the above address. A pre -labeled envelope is enclosed for your convenience. <br />Since ly, <br />r ce <br />s_,at. Attorney <br />Enclosures <br />205 Regency Executive Park Drive, Suite 100 <br />Charlotte, NC 28217 <br />Page 173 <br />