[WSBARP] Reverse Mortgage Foreclosure

[Catherine Clark]

So they used the "no waste" clause as a basis for foreclosure?  They did it non-judicially?  Does the clause say "in the sole discretion of the lender" or something like that?

This is scary.

Catherine C. Clark
Law Office of Catherine C. Clark PLLC
2200 Sixth Avenue, Suite 1250
Seattle, WA 98121
Phone:  (206) 838-2528
Direct Dial:  (206) 274-7941
Cell:  (206) 409-8938
Fax: (206) 374-3003
Email:  cat at loccc.com

NOTICE: The information contained in this electronic information transmission is confidential. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is prohibited.  If you received this communication in error, please immediately notify the sender by telephone at (206) 838-2528. Thank you.

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Rusty McGuire
Sent: Tuesday, September 27, 2016 10:49 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Reverse Mortgage Foreclosure

Members,

I have run into an old client who just got evicted under an unlawful detainer after a reverse mortgage foreclosure.  He was too embarrassed to talk about it but apparently when it went down he was in such disbelief that when the Sherriff removed him he finally became aware it was real.  LiveWell financial claimed the house was in disrepair and he refused to repair and so they went through the process.  The problem is that I have been to the home and there is nothing that even comes close to disrepair.  They told him he needed to paint the concrete foundation which has never been done in the past or even on my own home.  This case is sad and I would like to know if anyone else has had this happen to clients.

Rusty

L.R. "RUSTY" McGUIRE
PRINCIPAL
[Description: Description: 2nd attempt smaller CMD logo]
P.O. Box 1187
503 Morgan Street
Davenport, WA 99122
Phone: (509) 725-4100 Fax (509) 725-4108
Email: rmcguire at cmd-lawfirm.com<mailto:rmcguire at cmd-lawfirm.com>
***THE INFORMATION CONTAINED IN THIS ELECTRONIC MESSAGE IS ATTORNEY PRIVILEGED AND CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED.  IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE IMMEDIATELY NOTIFY US BY TELEPHONE AT THE OFFICE INDICATED ABOVE***

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20160928/0cd32475/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.png
Type: image/png
Size: 62509 bytes
Desc: image002.png
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20160928/0cd32475/image002.png>