[WSBARP] Defeasance

[Gregory L. Gilday]

I have a client who is selling a building in Seattle that has a 
securitized loan on it.  When she contacted her bank to inquire about a 
early payoff penalty, she was told she was still in the defeasance 
period so couldn't pay it off.   When she received the list of 
associated fees with the defeasance (including a defeasance 
premium)....well, let's just say it got her attention.

I know enough to know that I don't know enough about this area to assist 
her in this matter.  Does anyone have a name I can pass on to her of 
someone she could sit down and chat with?  Client is in Seattle.


-- 

Very Truly Yours,

Gregory L. Gilday

Law Office of Cole & Gilday, P.C.

//

10101 - 270th St. NW

P.O. Box 249

Stanwood, WA 98292

(360) 629-2900 (Telephone)

(360) 629-0220 (Fax)

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