[WSBARP] "Lost mortgage" analysis

[Craig Blackmon]

'Mates, I just picked up a "lost mortgage" case and could use a little
input to make sure I am on the right track.

Facts: Loan in 2006, default in 2008. NOD and NOTS served and filed in
2009, with sale then discontinued in 2010.. and nothing since. But lender
(apparently) continues to pay property taxes.

My analysis: Client no longer liable on Note due to 6 year SOL. But under
the DOT, client remains liable (by way of lien) for last six years of
missed payments, plus outstanding principal.

Can anyone lend a hand? If I am way off base, perhaps a call?

Thank you, thank you, thank you...

Craig
Craig Blackmon, Attorney at Law
Seattle Real Estate Lawyer <http://www.seattlepropertylawyer.com/>
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