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<DIV style="FONT-SIZE: 12pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">
<DIV>You are correct. Isn’t failure to pay excise tax a no no? maybe
even criminal?</DIV>
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style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
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<DIV> </DIV>
<DIV style="BACKGROUND: #f5f5f5">
<DIV style="font-color: black"><B>From:</B> <A title=amy@aphoffman.com
href="mailto:amy@aphoffman.com">Amy Pivetta Hoffman</A> </DIV>
<DIV><B>Sent:</B> Wednesday, January 13, 2016 3:37 PM</DIV>
<DIV><B>To:</B> <A title=wsbapt@lists.wsbarppt.com
href="mailto:wsbapt@lists.wsbarppt.com">WSBA Probate & Trust Listserv</A>
</DIV>
<DIV><B>Subject:</B> [WSBAPT] Commercial Real Estate Contract Question-Legal
Alternative?</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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style='FONT-SIZE: small; TEXT-DECORATION: none; FONT-FAMILY: "Calibri"; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal; DISPLAY: inline'>
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<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif'>Hi
All,<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; 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: 11pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; 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: 11pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif'>Am I missing a legal
and reasonable alternative here?<o:p></o:p></SPAN></P>
<DIV>
<P class=MsoNormal style="LINE-HEIGHT: 120%"><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif; LINE-HEIGHT: 120%'><o:p></o:p></SPAN> </P>
<P class=MsoNormal style="LINE-HEIGHT: 120%"><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif; LINE-HEIGHT: 120%'>Amy
Pivetta Hoffman<o:p></o:p></SPAN></P>
<P class=MsoNormal style="LINE-HEIGHT: 120%"><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial",sans-serif; LINE-HEIGHT: 120%'>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: 10pt; FONT-FAMILY: "Arial",sans-serif; LINE-HEIGHT: 120%'>PO
Box 73040, Puyallup, WA 98373<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 10pt; FONT-FAMILY: "Arial",sans-serif'><IMG id=Picture_x0020_1
alt="APH Logo_clr EMAIL LOGO" src="cid:AFD363ED984146EB986B2E12D6808F07@JoshPC"
width=94 height=62><o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 8pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN> </P>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 8pt; 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: 11pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN></P></DIV>
<P class=MsoNormal><SPAN
style='FONT-SIZE: 11pt; FONT-FAMILY: "Arial",sans-serif'><o:p></o:p></SPAN> </P></DIV>
<P>
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