[WSBAPT] Foreclosure - Heirs unable to pay mortgage and home is on the market

[michael westseattleattorney.com]

Thanks - I am told they just received an offer - 😅

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> on behalf of Jennifer L White <jen at appletreelaw.com>
Sent: Friday, October 29, 2021 1:22 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Foreclosure - Heirs unable to pay mortgage and home is on the market


Yes, eventually, but I had to do the contacts because they don’t ever seem to take clients seriously or clients don’t know how to effectively communicate the legalese. It’s never easy to get to anyone of authority who can or is willing to do anything about it. And, there is a lot of groveling involved. They have to file the notice of continuation of the sale, which is in writing making the postponement official. I doubt you will get an outright discontinuation of the sale, but only a postponement to buy time to get it closed.

These were regular lender loans and not reverse mortgages, so I don’t know if that makes a difference.



Property in Seattle is a hot commodity these days. The price might get bid up at auction and then you can go in afterwards and claim the excess proceeds.  I would have someone on the estate’s behalf attend the auction.



There are also those companies that will come in and “help” the one being foreclosed. They want the property and don’t want to compete for it on the courthouse steps or do an eviction afterwards, so they will pay to stave off the foreclosure and then work out a deal on its purchase. I’ve had clients do that as well, but I don’t have a name off hand. I believe these places saw the notice of trustees sale posting and then directly contacted the client.





Jennifer L. White, Esq.

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jen at appletreelaw.com<mailto:jen at appletreelaw.com>

PO Box 11037

Yakima, WA 98909

509.225.9813



From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of michael westseattleattorney.com
Sent: Friday, October 29, 2021 12:46 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Foreclosure - Heirs unable to pay mortgage and home is on the market



Hi Jennifer, Were you able to get the delays in writing as heir has not been able to - reverse mgt lender. Thanks Mike



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________________________________

From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> on behalf of Jennifer L White <jen at appletreelaw.com<mailto:jen at appletreelaw.com>>
Sent: Friday, October 29, 2021 12:07 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: Re: [WSBAPT] Foreclosure - Heirs unable to pay mortgage and home is on the market



Mike,

I don’t know the answer to your question about a foreclosure moratorium, but I have had a few of these over the years pre-pandemic where I have successfully gotten the lender to delay the trustee’s sale. It is easiest where you have a P & S signed and are heading for the closing. Sometimes just having it listed with a reputable realtor is enough. The key is working your way up the food chain of authority to get to a decision maker, and then kissing a lot of A**.

Good luck!



Jennifer L. White, Esq.

[cid:image001.jpg at 01D7CCC4.9B5E64F0]



jen at appletreelaw.com<mailto:jen at appletreelaw.com>

PO Box 11037

Yakima, WA 98909

509.225.9813



From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> On Behalf Of michael westseattleattorney.com
Sent: Friday, October 29, 2021 11:54 AM
To: WSBA Probate & Trust Listserve <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: [WSBAPT] Foreclosure - Heirs unable to pay mortgage and home is on the market



Is there any current moratorium on foreclosures ? Thanks Mike



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