[WSBARP] Extension of Note and Deed of Trust

[Law Office of Shaun Watchie Perry]

*** and lets me sleep at night.😁

*/Ms. Shaun Watchie Perry | Attorney at Law
Law Office of Shaun Watchie Perry
1325 Fourth Avenue, Suite 940 | Seattle, WA 98101
Tel +206.729.7442 | Fax + 206.260.1411 | www.swp-law.com/*

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On 12/23/2020 8:52 AM, Law Office of Shaun Watchie Perry wrote:
>
> Hi Nestor, I am always a little nervous about just doing the note 
> extension. I do a boot and suspenders approach which I learned as a 
> lender's counsel years ago.  I always do a modification of deed of 
> trust together with the note modification agreement, record the deed 
> of trust modification and obtain an endorsement  from the title 
> company. It is a small price to pay to make sure your client does not 
> have to worry about someone leap frogging ahead of him in priority and 
> lets***. Just my 2 cents.
>
> Thanks, Shaun
>
> */Ms. Shaun Watchie Perry | Attorney at Law
> Law Office of Shaun Watchie Perry
> 1325 Fourth Avenue, Suite 940 | Seattle, WA 98101
> Tel +206.729.7442 | Fax + 206.260.1411 | www.swp-law.com/*
>
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> On 12/23/2020 8:28 AM, Craig Sjostrom wrote:
>>
>> 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  Phone (360) 848-0339  Fax (360) 336-3488 email 
>> cdsjostrom at comcast.net <mailto:cdsjostrom at comcast.net>
>>
>> *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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