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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">Hi All,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">I drafted a Commercial Real Estate Contract (Seller carry) for my Buyer client. He wants this building bad. Seller has a Due on Sale with his current lender. Seller does not
want to ask the bank for permission to carry a note and doesn’t want to pay excise tax at recording. Seller also doesn’t want to record. My client asks if we can do this any other way. I tell him no because Seller could sell it out from underneath him or
refinance without concern to Buyer.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">I have told my client that I don’t see another way to do this that adequately protects himself and his position. I don’t see that even a “Lease to Buy” would avoid these questionable
things the Seller wants. I will not let my client do a “handshake” deal on commercial property.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">Am I missing a legal and reasonable alternative here?<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:120%"><span style="font-size:11.0pt;line-height:120%;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height:120%"><span style="font-size:11.0pt;line-height:120%;font-family:"Arial",sans-serif">Amy Pivetta Hoffman<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:120%"><span style="font-size:10.0pt;line-height:120%;font-family:"Arial",sans-serif">Ph. 253.720.3020/F. 253.200.0855<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:120%"><span style="font-size:10.0pt;line-height:120%;font-family:"Arial",sans-serif">PO Box 73040, Puyallup, WA 98373<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><img width="94" height="62" id="Picture_x0020_1" src="cid:image003.jpg@01D14E18.4936E110" alt="APH Logo_clr EMAIL LOGO"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#2A2A2A">CONFIDENTIAL COMMUNICATION: This email is intended only for the use of the individual(s) or entity(ies) to whom it is addressed and may contain confidential, privileged
information. If you have received this communication in error, please immediately notify the sender electronically, return the email to the above email address and delete it from your files. Thank you.</span><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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