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<div>
<div>Gus,</div>
<div> </div>
<div>What happens to the property if the PR does not accept the offer of the buyer wanting to use the Deed of Trust? I am presuming the property would be sold anyway with the proceeds going to beneficiaries. If that is the case, then I would advise the PR
to sell the property in the conventional manner. There are too many possibilities for something to go wrong selling to a buyer using a Deed of Trust. Why sow the seeds for future trouble? If the buyer wants the property, let him obtain financing in the
conventional manner and let somebody else worry about whether payments are made. I am pretty sure that the PR would not relish the prospect of becoming embroiled in foreclosure proceedings in the event the buyer failed to meet the terms of the note. The
beneficiaries probably would not be very happy either. Warning Will Robinson!!!
</div>
<div> </div>
<div>Best regards,</div>
<div> </div>
<div>Dewey W. Weddle</div>
<div> </div>
<div>Law Office of Dewey W. Weddle, PLLC<br>
909 Seventh Street<br>
Anacortes, WA 98221</div>
<div> </div>
<div>Telephone: 360-293-3600<br>
Fax 360-293-3700</div>
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----- Original Message ----- </div>
<div style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;">
<b>From:</b> <a title="mailto:lindsey3@gbl3law.com" href="mailto:lindsey3@gbl3law.com">
G. (Gus) Benjamin Lindsey III</a> </div>
<div style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;">
<b>To:</b> <a title="mailto:wsbapt@lists.wsbarppt.com" href="mailto:wsbapt@lists.wsbarppt.com">
'WSBA Probate & Trust Listserv'</a> </div>
<div style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;">
<b>Sent:</b> Wednesday, May 03, 2017 2:22 PM</div>
<div style="font: 10pt/normal arial; font-size-adjust: none; font-stretch: normal;">
<b>Subject:</b> [WSBAPT] Selling Property from Estate using a Deed of Trust(foreclosure risks)</div>
<div><br>
</div>
<div class="WordSection1">
<p class="MsoNormal">Hello,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">PC (personal representative) is considering an offer buy real property from an estate using a deed of trust. (Seller carrying the loan balance)<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Seller/Personal Representative wants to know how "difficult/expensive" it is to regain possession of the property in the event of a default.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">While I handle some property related matters, including ejectments, I am not familiar with the foreclosure process.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Anyone have insight on this from the perspective of an estate? My initial reaction is that this may not be the best approach for the estate but that may be based on some past horror stories! My typical probate client does not want this
approach so this is new one for me.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">G. (Gus) Benjamin Lindsey III<o:p></o:p></p>
<p class="MsoNormal">Attorney-at-Law<o:p></o:p></p>
<p class="MsoNormal"><img width="150" height="123" id="Picture_x0020_3" src="cid:006601d2c4ff$f50c1500$202A76EF@DeweyPC"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The Law Office of G. Benjamin Lindsey III<o:p></o:p></p>
<p class="MsoNormal">2012 Grade Road, Suite 202<o:p></o:p></p>
<p class="MsoNormal">Lake Stevens, WA 98258<o:p></o:p></p>
<p class="MsoNormal"><o:p></o:p></p>
<p class="MsoNormal">Phone: (425) 263-9585<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">website: <a title="http://www.gbl3law.com/" href="http://www.gbl3law.com/">
www.gbl3law.com</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Employment/Labor Law Construction Law Civil Litigation Estate Planning Probate
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<p class="MsoNormal">Business Law<o:p></o:p></p>
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<p class="MsoNormal">CONFIDENTIALITY NOTE: This e-mail message contains information belonging to The Law Office of G. Benjamin Lindsey III, which may be privileged, confidential and/or protected from disclosure. The information is intended only for the use
of the individual or entity named above. If you think that you have received this message in error, please contact the sender. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited<o:p></o:p></p>
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