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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='color:#1F497D'>Funny and thanks!<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>When the PC mentioned the idea to me I actually did the “warning! Warning Will Robinson!” bit, however, I advised the PC that I would run the idea by others!<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Sincerely,<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>G. (Gus) Benjamin Lindsey III<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Attorney-at-Law<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><img width=150 height=123 id="_x0000_i1026" src="cid:image001.png@01D2C4C6.7A379F40"><o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>The Law Office of G. Benjamin Lindsey III<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>2012 Grade Road, Suite 202<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Lake Stevens, WA 98258<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Phone: (425) 263-9585<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>website: <a href="http://www.gbl3law.com/"><span style='color:blue'>www.gbl3law.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Employment/Labor Law Construction Law Civil Litigation Estate Planning Probate <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>Business Law<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'>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></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Dewey Weddle<br><b>Sent:</b> Thursday, May 04, 2017 10:58 AM<br><b>To:</b> wsbapt@lists.wsbarppt.com<br><b>Subject:</b> Re: [WSBAPT] Selling Property from Estate using a Deed of Trust(foreclosure risks)<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>Gus,<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>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!!! <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>Best regards,<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>Dewey W. Weddle<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>Law Office of Dewey W. Weddle, PLLC<br>909 Seventh Street<br>Anacortes, WA 98221<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>Telephone: 360-293-3600<br>Fax 360-293-3700<o:p></o:p></span></p></div><blockquote style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 4.0pt;margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>----- Original Message ----- <o:p></o:p></span></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>From:</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <a href="mailto:lindsey3@gbl3law.com" title="mailto:lindsey3@gbl3law.com">G. (Gus) Benjamin Lindsey III</a> <o:p></o:p></span></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>To:</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <a href="mailto:wsbapt@lists.wsbarppt.com" title="mailto:wsbapt@lists.wsbarppt.com">'WSBA Probate & Trust Listserv'</a> <o:p></o:p></span></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Sent:</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> Wednesday, May 03, 2017 2:22 PM<o:p></o:p></span></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>Subject:</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> [WSBAPT] Selling Property from Estate using a Deed of Trust(foreclosure risks)<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='color:black'>Hello,<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>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></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>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></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>While I handle some property related matters, including ejectments, I am not familiar with the foreclosure process.<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>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></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Sincerely,<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>G. (Gus) Benjamin Lindsey III<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Attorney-at-Law<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><img border=0 width=150 height=123 id="Picture_x0020_3" src="cid:image002.png@01D2C4C6.7A379F40"><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>The Law Office of G. Benjamin Lindsey III<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>2012 Grade Road, Suite 202<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Lake Stevens, WA 98258<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Phone: (425) 263-9585<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>website: <a href="http://www.gbl3law.com/" title="http://www.gbl3law.com/">www.gbl3law.com</a><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Employment/Labor Law Construction Law Civil Litigation Estate Planning Probate <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Business Law<o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>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></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'>_______________________________________________<br>WSBAPT mailing list<br><a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a><o:p></o:p></span></p></blockquote></div></div></body></html>