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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#002060">I recommend that you seek the lender's approval for the sale before asking the court to confirm it. That way you can answer a question that I anticipate the court
might ask: has the lender approved of this sale? This will also avoid a circumstance in which the lender could challenge the sale afterwards, creating much more work for the estate and thus incurring fees that the estate may not be able to pay. I would not
ask the court to approve the sale prior to having lender's approval.<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#222A35">Mark B. Anderson<br>
</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#222A35">ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com">marka@mbaesq.com</a><br>
<a href="http://www.mbaesq.com/">www.mbaesq.com</a><b><o:p></o:p></b></span></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>Jon Fritzler<br>
<b>Sent:</b> 01/02/2024 2:50 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Is lender approval required for short-sale of property by an estate?<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black">This is a new one for me. I represent a PR in an estate where the net proceeds from the sale of the decedent's home is going to be less than the mortgage. The estate
is insolvent and the PR does not have nonintervention powers so court approval of the sale is required. We previously obtained court approval to sell the property and now the PR has accepted an offer. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black">The realtor says that the lender will need to approve the sale because it is a short-sale. Is that true when the property is being sold by an estate and the sale
is subject to court approval? If so, would you wait for the lender to approve the sale before asking the court to confirm it? Or, ask the court to confirm the sale while waiting for the lender to (hopefully) approve it?<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Sincerely,<br>
Jon M. Fritzler<br>
Attorney at Law<br>
717 E. 22<sup>nd</sup> St.<br>
Vancouver, WA 98663<br>
Tel. 360.818.4431<br>
Eml <a href="mailto:fritzlerlaw@outlook.com" target="_blank">fritzlerlaw@outlook.com</a><br>
<br>
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