[WSBARP] Defeasance

[Gregory L. Gilday]

Yes, the lender provided a defeasance quote - the size of which led her 
to calling me.

Thank you to everyone who has responded.  I am passing all of the names 
forward to the client.


Very Truly Yours,

Gregory L. Gilday

Law Office of Cole & Gilday, P.C.

//

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Stanwood, WA 98292

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(360) 629-0220 (Fax)

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On 8/12/2016 11:32 AM, Jim Hoff wrote:
>
> Did the lender provide the defeasance quote?  I recently dealt with a 
> similar transaction (which ultimately fell through), and we were 
> working with an East Coast financial firm that specialized in 
> defeasance.  Happy to dig up the contact info and pass it along should 
> you be interested.  There is a potential paradox that if the buyer 
> opts not to close, the seller may be limited to earnest money yet has 
> compromised its existing financing through commencement of the 
> defeasance process.  We wanted to be certain we could safely unwind 
> the defeasance process in that event, but the transaction fell through 
> before we reached that stage of analysis.
>
> *James B. Hoff*
>
> *CoRE Law, PLLC*
>
> 3030 W. Commodore Way, Suite A-302
>
> Seattle, WA 98199
>
> Telephone: (206) 443-1616
>
> Fax: (206) 443-2626
>
> Mobile: (206) 465-1000
>
> Email: jhoff at corelaw.com <mailto:jhoff at corelaw.com>
>
> Website: www.corelaw.com <http://www.corelaw.com/>
>

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