[WSBARP] Junior DOT Foreclosure

[Matt Johnson]

I should add, debtor is an LLC.

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Matt Johnson
Sent: Thursday, January 11, 2018 11:02 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Junior DOT Foreclosure

If a first place DOT won't sell there position and refuses to foreclose even though they are technically in default. There is ample equity and income to satisfy both debts. The debtor has completely aborted its obligations under the junior lienholder's note.

Is there any way to force a first place lienholder's interest into a foreclosure or execution proceeding?

I do not see any obvious way to do this through foreclosure either non-judicial or judicially.

If we obtain money judgment directly on the obligation, could we execute on the whole property satisfying creditors according to priority? Perhaps appoint a receiver?

Regards,

Matthew R. Johnson | Attorney at Law
Schedule an Appointment<https://gravislaw.acuityscheduling.com/>
Partner - Gravis Law, PLLC
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O-(509) 382-2030
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Website <https://www.gravislaw.com/> - LinkedIn<https://www.linkedin.com/pub/matthew-r-johnson/2b/997/87a>


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