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I agree with Roger. My one experience is that the lender relaxed once the property was listed with a broker.
<div>Phil Jones</div>
<div>Portland OR<br>
<br>
<div dir="ltr">Philip N. Jones
<div>Duffy Kekel LLP</div>
<div>Portland, OR</div>
<div>pjones@duffykekel.com</div>
<div>(503) 853-1482 cell</div>
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<div dir="ltr"><br>
<blockquote type="cite">On Jun 6, 2021, at 11:38 AM, Roger Hawkes <Roger@law-hawks.com> wrote:<br>
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<p class="MsoNormal">Yes, Erin. Foreclosure takes some time; many months, perhaps years if there is determined resistance. If the actual intent of the heirs is to sell the home, then doing so before foreclosure actually occurs is pretty easy, in terms of
timing. What happens often is that the foreclosure process shows up of record and buyers will offer less believing this is a distressed sale; I don’t know how the current ‘sellers’ market’ impacts that; probably it depends on exactly where the home is.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I recommend engaging a real estate broker who is familiar with such foreclosures; at least you and the heirs would get some reasonable advice about the property’s value and how to conduct the sale. We can recommend someone if you want.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Roger Hawkes, WSBA # 5173
<o:p></o:p></p>
<p class="MsoNormal"><i><span style="font-size:14.0pt">Shoreline</span></i> Office: 19944 Ballinger Way NE<o:p></o:p></p>
<p class="MsoNormal"> Shoreline, WA 98155<o:p></o:p></p>
<p class="MsoNormal"><i><span style="font-size:14.0pt">Sultan</span></i> Office: 423 Main<o:p></o:p></p>
<p class="MsoNormal"> Sultan, WA 98294<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Phone: 206 367 5000; fax: 206 367 4005<o:p></o:p></p>
<p class="MsoNormal">Email: <a href="mailto:roger@law-hawks.com">roger@law-hawks.com</a>
<o:p></o:p></p>
<p class="MsoNormal">Web site: <a href="http://www.hawkeslawfirm.com/">www.hawkeslawfirm.com</a><o:p></o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Erin Fairley<br>
<b>Sent:</b> Sunday, June 6, 2021 11:08 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Language to hold-off Reverse Mortgage company post-death?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hi Listmates,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">It’s been awhile since I’ve dealt with a Reverse Mortgage hounding a family for immediate payment on mortgage with threat of immediate foreclosure. The family does intend to sale the home and company will be paid in full.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">How have you dealt with holding off these companies? Company is threatening foreclosure – doesn’t this usually take quite a bit of time? Appreciate any advice you may have. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you,<o:p></o:p></p>
<p class="MsoNormal">Erin<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="color:black">Erin Fairley</span></b><span style="color:black"> / Attorney<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><a href="mailto:erin@leschilaw.com">erin@leschilaw.com</a> / (206) 353-4625<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:black">Leschi Law, PLLC</span></b><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">121 Lakeside Avenue, Suite B Seattle, WA 98122<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><a href="http://www.leschilaw.com/">www.leschilaw.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;color:black">From: </span></b><span style="font-size:12.0pt;color:black"><<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>> on behalf of Tom Garvey <<a href="mailto:tgarvey@haniganlaw.net">tgarvey@haniganlaw.net</a>><br>
<b>Reply-To: </b>Tom Garvey <<a href="mailto:tgarvey@haniganlaw.net">tgarvey@haniganlaw.net</a>>, WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Date: </b>Friday, May 14, 2021 at 4:38 PM<br>
<b>To: </b>"<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>" <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject: </b>[WSBAPT] Lawsuit Recovery Distribution Provision<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Hello Listmates, <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Does anyone have or know where I can find precise language for a provision in a Will that allocates all of the winnings/recoveries from a pending plaintiff-injury lawsuit to a specific beneficiary? Should I cite the specific parties or
cause no.? (<i>John Doe v. Microsoft</i>, for example)<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I don't want it to become a specific/pecuniary gift that must be satisfied if the Testator uses some of the funds while they are alive, so there needs to be very strategic and careful language used. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Was just wondering if anyone has done something similar. <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Thank you, <o:p></o:p></p>
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<p class="MsoNormal"><b>Tom Garvey | Attorney</b><o:p></o:p></p>
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<p class="MsoNormal">Hanigan Law Office, PS<o:p></o:p></p>
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<p class="MsoNormal">68 Main St. / PO Box 39<o:p></o:p></p>
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<p class="MsoNormal">Cathlamet, WA 98612<o:p></o:p></p>
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<p class="MsoNormal">(360) 795-3494<o:p></o:p></p>
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<p class="MsoNormal">(360) 795-3001 - fax<o:p></o:p></p>
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