[WSBAPT] Second Deed of Trust

[Tom Stuen]

Jeffery:  It has not been a problem in my cases.  I have not seen a senior
deed of trust which provided that the filing of a second was a basis for
acceleration.  But yours could say that.  And maybe my seniors were not
paying attention.

Tom Stuen

 

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of jeffrey winter
Sent: Saturday, March 05, 2016 2:46 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Second Deed of Trust

 

Listmates (at least those of you working on a Saturday):

 

I am preparing a Second Deed of Trust for a client.  I understand that it
will be junior to the underlying financing that was secured by the primary
Deed of Trust, but am still nervous about triggering anything adverse when I
record the Second.

 

Has anyone ever experienced a senior secured party threatening acceleration
based upon the filing of a junior instrument?

 

Thanks in advance for your comments...

 

 

Jeffrey D. Winter

Law Office of Jeffrey D. Winter, P.S.
604 North Main Street
Ellensburg, WA 98926
(509) 925-9600 tel.
(509) 925-9606 fax

 

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