Works have the cash – just want final bill for Fallbrook Golf Club

“The cash is sitting in a bank waiting to be wired. We just need a payoff amount.”

Those comments were made Nov. 8 by Jade Work, who, along with his wife, Julie, have been trying to complete the purchase of Fallbrook Golf Club for several weeks.

The Works, as Gird Valley, Inc., want to buy the 116-acre property from Jack Lamberson but escrow proceedings have been held up in court. Lamberson was behind in his payments to Ronald Richards’ D-Day Capital, LLC, owner of the notes on the property, and that prompted D-Day to have its trustee, Chicago Title Company, serve Lamberson with a notice of default on Sept. 1.

The Works reached a deal with Lamberson and have been ready for weeks to pay off all balances owed, but as of Nov. 8 were still waiting for a final, legitimate payoff demand statement from Richards.

Jade Work said he received a pair of payoff amount statements from Richards that couldn’t be used. Last month, he received a “draft” payoff amount statement with no signature on it. At 11:29 a.m. Nov. 8, he received a signed payoff amount statement that expired Nov. 4 – four days before he received it.

“It’s beyond frustrating,” said Work. “I want to payoff a bill and I can’t get an amount.”

The parties involved in the deal – the Works, Lamberson and Richards ­– and their lawyers twice met in front of Vista Superior Court Judge Earl H. Maas III in October.

“If this isn’t settled by next week, we’ll go back to court,” said Jade Work on Nov. 8.

The Works are longtime Fallbrook residents       who have committed to putting the property into a conservation easement, which will protect it from ever being developed. Richards is a Beverly Hills-based attorney who has a history of working with developers.

Residents of the Gird Valley, many of whom belong to the organization SaveFallbrookGolfCourse.com, have voiced great support for the Works. Officials from the Fallbrook Land Conservancy are also hopeful the Works gain ownership.

“We were very happy to hear about their plans for conservation

easements,” said Will Shakespeare, vice chair of Fallbrook Land Conservancy. “We are ready to offer any help or advice regarding the various options they have for the property.”

12 Responses to "Works have the cash – just want final bill for Fallbrook Golf Club"

  1. Preston   November 11, 2016 at 5:47 am

    How does a payoff statement expire?
    Normally, there is daily interest that accrues and is added to the to the previous demand.
    Escrow figures the amount owed (up to the day of the payoff) and makes the payment.

    Reply
  2. Willow   November 11, 2016 at 7:04 am

    It’s shameful that an ostensible “officer of the court” like Richards can be allowed to manipulate the system in such a way to attempt to intimidate or stand in the way of a legitimate business transaction. I hope the Judge sanctions him harshly. This kind of nefarious legal practice should be the subject of reform at the highest level.

    Reply
  3. Dusty   November 11, 2016 at 8:35 am

    D-Day/Ron seem to be continuing to drag their feet, tying things up, hoping that the Works will give up or lose interest.

    I would like see this go back before a judge soon, to finally clear the escrow plus ideally leverage severe penalties for those that have been intentionally disobeying previous judges’ orders.

    Time to send a message.

    Reply
  4. Lee   November 11, 2016 at 3:57 pm

    Thank you, Jade and Julie!!!!!!!!!!

    Reply
  5. SaveFallbrookGolfCourse.com   November 11, 2016 at 5:44 pm

    For more info, visit SaveFallbrookGolfCourse.com Thank you!

    Reply
  6. Mike Reardon   November 11, 2016 at 9:17 pm

    Obviously, Richards wants to drag this out so that the Works will get discouraged and walk away from the deal. Apparently, he wants the real estate more than the payoff. I hope that the Works will hang in there and see the deal through.

    Reply
  7. Citizensagainstwagetheft   November 11, 2016 at 10:09 pm

    So who is actually going to pay all the employees who were ripped off by the previous owner? Wage theft should be a felony. I hope the new owners have more integrity. I certainly won’t patronize a golf course that refuses to pay their hard working employees. The workers should put a lis pendens on the property to make sure they get paid.

    Reply
  8. R Finch   November 13, 2016 at 11:25 am

    RE: “Citizensagainstwagetheft”‘s posting. The course has been closed for months now and any debt or bill his corporation owes will be paid off in escrow; that is the point of escrow, working up a tally and clearing the slate. The longer this property stays in escrow limbo, the longer we delay all the new jobs that will be needed in Gird Valley to transform this property into something wonderful. So, on behalf of those who would like a job working at this property, please hurry up and close this escrow so everyone can get back to work ASAP! Thank you to the Works for fighting to save this property!

    Reply
    • BGG   November 13, 2016 at 3:14 pm

      Regarding R Finch’s comment above:

      I thought the Works were putting the property into a conservation easement. How does that create “job[s] working at this property”? Don’t get me wrong, I’m not against the establishment of the conservation easement. It’s sounds preferable to some dense housing development. But I don’t see the connection to jobs.

      Reply
      • Dusty   November 15, 2016 at 8:37 am

        Hey BGG,

        There is discussion of turning the property into a winery and wedding venue. I believe you can have the conservation easement and still use the land for growing grapes.

        And, of course, the jobs would be at the winery, wedding venue, etc.

        Reply
  9. Preston   November 14, 2016 at 6:32 am

    Citizensagainstwagetheft, how is it that you believe a buyer should be responsible for wages the prior owner did not pay? It is the responsibility of the workers to file a claim for unpaid wages against the owner they worked for and they should be paid at closing from the proceeds.

    Reply
  10. JD   November 14, 2016 at 9:02 am

    More news about delays, caused by the shady lawyer team. Duh they want the property, not a pay-off. That has been clear for 6 months. The judge needs to force them to provide the right documents in a timely manner, or face fines. But, the lawyer team does this for a living, and they know how to get around the system, I’m afraid. Don’t be surprised when the amount is finally submitted, but it is ridiculous, starting a whole new set of law suits. This could take months, years maybe…and the Lawyers are ready for that. Are the Works? Maybe

    Reply

Leave a Reply

Your email address will not be published.