[WSBARP] receivership

[Robert R. Cole]

Client sold property on a Real Estate Contract.  Buyer went belly up and 
got put into a receivership.  About the only asset in the receivership 
is this property.  Only potential buyers Receiver has come up with would 
not pay off the REC in full, and those deals fell through.  At the 
beginning we told the Court that it should be for a limited time and it 
should be a full payoff to REC Vendor.  Couple questions:  REC seems 
more like an executory contract than a lien?  Any helpful hints on 
getting the REC out of the receivership?

-- 

Very Truly Yours,

Robert R. Cole

Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW

Stanwood, WA 98292

(360) 629-2900 (Telephone)

(360) 629-0220 (Fax)

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