[WSBARP] Extension of Note and Deed of Trust

[Craig Sjostrom]

If the DOT secures the note and extensions (they usually do), then just do
an extension agreement on the note and leave the DOT alone. Not only do you
save the recording, but you keep the priority of the original DOT.

 

Craig

 

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> Law Office of Craig Sjostrom, 1204 Cleveland Ave., Mount Vernon, WA  98273
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of nestor at pplsweb.com
Sent: Wednesday, December 23, 2020 8:17 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Extension of Note and Deed of Trust

 

Client has a note and DT that expires and is allowing an extension. The note
and deed of trust on its face says due date of 1/1/21. Is it best to do a
new renewal note and a new Renewal Deed of Trust and record the same?

Client wants to save the $$ and not record a renewal DT.

 

 

Nestor Gorfinkel, Attorney at Law

Licensed in Florida & Washington

Florida Civil-Law (International) Notary

 

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