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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I always make sure to give Direct Notice to Creditors to the lender in these situations, and if memory serves, it is because a lender can utilize our Judicial
Foreclosure instead of a non-judicial foreclosure and get a deficiency judgment in that case.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Not sure what best practice is, but it is what I do.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I think the unasked question is how a Personal Representative can “walk-away” from a probate while this is outstanding? I’m not sure they can, without a Court
Order. Might need to give notice to creditors to lender, wait requisite time (later of 4 months from publication or 30 days) ask court to allow Personal Representative’s resignation or request discharge leaving this issue outstanding. I try to discourage clients
from getting a probate opened where the only significant probate asset is an under water or upside down property.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Heather<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D">Heather S. de Vrieze</span><b><span style="font-size:16.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><br>
</span></b><i><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D">Attorney-at-Law<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#1F497D"><img width="264" height="147" id="_x0000_i1026" src="cid:image003.jpg@01D11BCE.7614C2A0" alt="cid:image001.jpg@01D013C2.30F35160"></span></i><i><span style="font-family:"Garamond",serif;color:#1F497D"><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">3909 California Avenue SW<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">Seattle, WA 98116-3705
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">(206)938-5500
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><a href="mailto:heatherd@westseattlelaw.com"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">heatherd@westseattlelaw.com</span></a></span><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><a href="http://www.westseattlelaw.com/"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">www.westseattlelaw.com</span></a></span><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:Nyala;color:#44524E"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#002E8A">Click here to connect with de Vrieze | Carney on Facebook:
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<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Calibri",sans-serif;color:#A6A6A6">CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally privileged and/or confidential information. If you have received this e-mail in error, please
notify the sender immediately and delete all copies of this e-mail message and any attachment.</span><span style="font-size:16.0pt;font-family:"Cambria",serif;color:blue"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Teunis J. Wyers<br>
<b>Sent:</b> Tuesday, November 10, 2015 3:07 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Can trust deed lender reach non-probate assets?<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I have a probate which is ready to close, but for a trust deed foreclosure on the decedent's residence. The property is substantially "upside down"; it has a bad well, so is not marketable. The PR wants to abandon the property and let the
bank take it. It is vacant. The PR is the decedent's only sibling, is the sole beneficiary under the will, and received a substantial non-probate bank account held as JTWROS with the decedent.<o:p></o:p></p>
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<p class="MsoNormal">My spin on this is that since the lender cannot obtain a deficiency judgment under the trust deed statutes, the non-probate asset (bank account) is not exposed. Am I on the right track here?<br clear="all">
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<p class="MsoNormal">-- <o:p></o:p></p>
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<p class="MsoNormal">Teunis J. Wyers @ Wyers|Wyers, Attorneys<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:9.5pt">Oregon Office:</span><o:p></o:p></p>
<div>
<p class="MsoNormal"> 216 Columbia St. - P.O. Box 917<o:p></o:p></p>
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<p class="MsoNormal"> Hood River, OR 97031<o:p></o:p></p>
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<p class="MsoNormal"> (541)386-2210/610-1520 (fax)<o:p></o:p></p>
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<p class="MsoNormal">Washington Office:<o:p></o:p></p>
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<p class="MsoNormal"> 218 E. Steuben St. - P. O. Box 421<o:p></o:p></p>
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<p class="MsoNormal"> Bingen, WA 98605<o:p></o:p></p>
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<p class="MsoNormal"> (509) 493-2772/493-2406 (fax)<o:p></o:p></p>
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<p class="MsoNormal">Email: <a href="mailto:teunisj@wyerslawpc.com" target="_blank">teunisj@wyerslawpc.com</a><o:p></o:p></p>
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<p class="MsoNormal">Web: <a href="http://www.wyerslawpc.com" target="_blank">www.wyerslawpc.com</a><o:p></o:p></p>
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<p><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><span style="font-size:9.5pt;color:#500050"><o:p></o:p></span></p>
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