[WSBARP] Spreader and Release

[nestor at pplsweb.com]

List mates,

 

I have a client who gave a deed of trust on a property and is now selling
it. The Lender is allowing him to substitute another property. Would you
sign a new DT and release the property being sold or would it be easier to
do a spreader agreement to add the new property and then release the sold
property. The same original note remains unchanged.

 

Happy Friday!

 

Nestor Gorfinkel

 

 

Nestor Gorfinkel, Attorney at Law

Licensed in Washington & Florida

Florida Civil-Law (International) Notary

 

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