[WSBARP] Defeasance
Gregory L. Gilday
cole-gilday at stanwoodlaw.net
Thu Aug 11 15:24:11 PDT 2016
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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