Exhibit 4.7 Robert Scarpetta, Kevin Reilly and Barry Elkin's agreement to accept stock in lieu of payroll. July 31, 2001 Steve Williams, President & CEO CFI Mortgage, Inc. 601 Cleveland St., Suite 500 Clearwater, FL 33755 Dear Steve: Please accept...

Exhibit 4.7 Xxxxxx Xxxxxxxxx, Xxxxx Xxxxxx and Xxxxx Xxxxx'x agreement to accept
stock in lieu of payroll.


July 31, 2001


Xxxxx Xxxxxxxx, President & CEO
CFI Mortgage, Inc.
000 Xxxxxxxxx Xx., Xxxxx 000
Xxxxxxxxxx, XX 00000


Dear Xxxxx:

Please accept this as authorization to issue 20,500 shares of CFI common stock
to Xxxxxx Xxxxxxxxx and Xxxxx Xxxxxx, and 25,000 shares of CFI common stock to
Xxxxx Xxxxx in lieu of our salary. We further agree that the shares will not be
issued until the entire amount has been remitted to the company.

Sincerely,

                                                     CFI Mortgage, Inc.
/s/  Xxxxxx Xxxxxxxxx                                /s/ Xxxxxxx X. Xxxxxxxx
Xxxxxx Xxxxxxxxx                                     Title:  President

/s/  Xxxxx Xxxxxx
Xxxxx Xxxxxx

/s/  Xxxxx Xxxxx
Xxxxx Xxxxx