[WSBARP] Referral: lease-to-own (attorney in Kitsap/Clallam/Jefferson)

[John McCrady]

You might try contacting the Canna Law Group<http://cannalawgroup.com/>.  I believe they have contacts with lenders that will work with this industry.

John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98466
253-476-5721

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of David Faber
Sent: Thursday, January 21, 2016 4:35 PM
To: wsbarp <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Referral: lease-to-own (attorney in Kitsap/Clallam/Jefferson)

PC is trying to purchase a home but works in the 502 recreational marijuana industry and is, accordingly, ineligible to receive a mortgage. PC has found a for-sale-by-owner property, currently subject to an existing mortgage. Existing-owner is willing to carry a note on the property, but I have cautioned PC about the effect of executing a transaction for the property with an acceleration clause in the mortgage. PC and existing-owner are now pushing the idea of lease-optioning. I do not feel comfortable giving legal advice on this issue any further and, accordingly, would like to refer out this matter. Please let me know if you would be willing to speak with the PC.

Best,
David J. Faber
Faber Feinson PLLC
210 Polk Street, Suite 1
Port Townsend, WA 98368
(360) 379-4110

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