[WSBARP] WSBARP Digest, Vol 61, Issue 4

[Stephen Whitehouse]

Jeff,      You can do a deed of trust on the leasehold interest. If the manufactured home is not going become part of the realty, then I am not fully conversant with what you need to do in addition.      What you also need to do is to go to the lessor and enter into a signed, recorded document that insures the lessor will give you notice of a default. If you don't have that, and the lessee defaults on the lease, the lease could be terminated and you would not know it.
Steve

Stephen WhitehouseWhitehouse & Nichols, LLPP.O. Box 1273601 W. Railroad Ave.Shelton, Wa. 98584360-426-5885
swhite8893 at aol.com


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Sent: Fri, Oct 4, 2019 11:59 am
Subject: WSBARP Digest, Vol 61, Issue 4

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Today's Topics:

  1. Referral for attorney to handle sale of house in Eugene, OR (Hugh)
  2. Security Interest in  Ground Lease (Jeff Davis)


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Message: 1
Date: Thu, 03 Oct 2019 17:26:14 -0700
From: Hugh <htobin at zipcon.net>
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Referral for attorney to handle sale of house in
    Eugene, OR
Message-ID: <5D9691A6.1080408 at zipcon.net>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

A friend plans to sell a single-family house in Eugene, formerly a 
rental but not occupied, her sole real property investment.  A simple 
transaction, I hope, maybe without a realtor.  Any references will be 
appreciated.
-- Hugh Tobin



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Message: 2
Date: Fri, 4 Oct 2019 09:45:16 -0700
From: "Jeff Davis" <jeff at bellanddavispllc.com>
To: "'WSBA Real Property Listserv'" <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Security Interest in  Ground Lease
Message-ID: <003e01d57ad3$1a1d3eb0$4e57bc10$@bellanddavispllc.com>
Content-Type: text/plain; charset="us-ascii"

Listmates,

 

Client wants to loan money so Borrower can purchase a manufactured home
placed on a rented space under a 50 year lease.  Client wants a security
interest in the lease.  To perfect this security interest do you take a
mortgage in the ground lease or file a fixture filing statement?  Your
suggestions would be appreciated.

 

Jeff Davis

 

W. Jeff Davis, Esq.

BELL & DAVIS PLLC
P.O. Box 510
Sequim WA 98382
Phone No.:(360) 683.1129 
Fax No.: (360) 683.1258 
email:  <mailto:info at bellanddavispllc.com> info at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
The information contained in this e-mail message may be privileged,
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