[WSBARP] Deed of Trust For Agricultural Land

[Robert R. Cole]

switch to a real estate contract, which works for ag land

Very Truly Yours,

Robert R. Cole

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)

This message contains confidential and privileged information that is 
intended only for the named recipient(s).Unless you are the named 
recipient or authorized agent thereof, you are prohibited from reading, 
copying, distributing or otherwise disseminating such information.If you 
receive this communication in error, please notify the sender immediately.

On 9/15/2016 10:37 AM, Eric Nelsen wrote:
>
> I'm just guessing here--but a DOT on agricultural land is still 
> effective as a mortgage, isn't it? So it can be judicially foreclosed 
> like a mortgage?
>
> I think the alternative is having a mortgage (LPB Form 50) prepared 
> instead of a DOT, but if the extent of lien protection and the 
> available remedy are exactly the same as a DOT when it comes to 
> agricultural land, maybe it's not worth it...
>
> Sincerely,
>
> Eric
>
> Eric C. Nelsen
>
> SAYRE LAW OFFICES, PLLC
>
> 1417 31st Ave South
>
> Seattle WA  98144-3909
>
> phone 206-625-0092
>
> fax 206-625-9040
>
> *Please Note that We Have Moved.***We have moved our Seattle office to 
> Mount Baker Ridge (a small commercial community just above the I-90 
> tunnel). *Our new address is 1417 31st Avenue South, Seattle WA 98144. 
> *All other contact information remains the same.
>
> *From:*wsbarp-bounces at lists.wsbarppt.com 
> [mailto:wsbarp-bounces at lists.wsbarppt.com] *On Behalf Of *David Faber
> *Sent:* Thursday, September 15, 2016 10:18 AM
> *To:* wsbarp
> *Subject:* [WSBARP] Deed of Trust For Agricultural Land
>
> Real Property List:
>
> I am working on behalf of a buyer purchasing real property 
> for-sale-by-owner with the seller carrying the note. The real property 
> will be used in significant part as agricultural land. Being aware of 
> the limiting language in the LPO form deed of trust ("which real 
> property is not used principally for agricultural or farming 
> purposes"), I called the closing agent and discussed the issue. At 
> that point in time, they informed me that they could prepare a deed of 
> trust for agricultural lands and I figured the issue was settled. Now 
> that we're a couple days from closing closing, however, they have 
> provided a deed of trust with the limiting language around 
> agricultural land and I find I'm now in a bind. Any advice on what to 
> do now? We're four days from closing.
>
>
> Best,
>
> David J. Faber
>
> Faber Feinson PLLC
>
> 210 Polk Street, Suite 1
>
> Port Townsend, WA 98368
> (360) 379-4110
>
> *** NOTICE: ATTORNEY CLIENT COMMUNICATION - PRIVILEGED 
> & CONFIDENTIAL.  This communication may contain privileged or 
> other confidential information. If you are not the intended recipient, 
> or believe that you have received this communication in error, please 
> do not print, copy, retransmit, disseminate, or otherwise use the 
> information. Also, please indicate to the sender that you have 
> received this communication in error, and destroy the copy you 
> received.***
>
>
>
> _______________________________________________
> WSBARP mailing list
> WSBARP at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbarp

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20160915/8e589b4f/attachment.html>