[WSBARP] real estate contacts?

[Jeanne Dawes]

I prefer a real estate contract over note & deed of trust when I represent the Seller.  Forfeiture is quicker, and less expensive than foreclosure.  If I represent the buyer, I prefer Note & Deed of Trust.

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>
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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Roger Hawkes
Sent: Tuesday, June 21, 2016 7:36 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] real estate contacts?

Thanks, Roy.  I assume the purchaser did not defend?

From: Roy D. Pyatt [mailto:roy.pyatt at landerholm.com]
Sent: Tuesday, June 21, 2016 6:03 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] real estate contacts?

Roger,

I prefer using a note and deed of trust in seller finance transactions like everyone else. But I have performed a couple forfeitures on real estate contracts in the last year or two and both went through nicely. It’s about a four month process to complete. Both forfeitures were for nonpayment.

Roy



Roy D. Pyatt | Attorney at Law
[cid:image001.gif at 01D1CC6C.E979C160]<http://www.landerholm.com>
805 Broadway Street, Suite 1000
P.O. Box 1086
Vancouver, WA  98666-1086
T:  360-696-3312 | T:  503-283-3393 | F:  360-816-2541
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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Roger Hawkes
Sent: Tuesday, June 21, 2016 5:36 PM
To: 'WSBA Real Property Listserv'
Subject: [WSBARP] real estate contacts?

I just had a client who wants to sell some land on a real estate contract.  That is a rarity in my practice.  What are your recent experiences with enforcing such or retaking the property upon failure of payment? Or waste?

Roger Hawkes

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