1 EXHIBIT 10.32 [The Presley Companies Letterhead] March 30, 1999 William Lyon Homes, Inc. 4490 Von Karman Avenue Newport Beach, California 92660 Attention: General William Lyon This letter amends the Agreement in Principle, dated December 31, 1998...Agreement in Principle • March 31st, 1999 • Presley Companies /De • Operative builders
