[WSBARP] Foreclosure Question

[James W. Spencer]

Thank you all for your input on this!

James W. Spencer
Attorney at Law
Brothers & Henderson, P.S.
2722 Eastlake Avenue East, Suite 200
Seattle, Washington 98102
Phone: (206) 324-4300 x106
Fax: (206) 324-3106
e-mail:  jamess at brothershenderson.com<mailto:jamess at brothershenderson.com>
www.brothershenderson.com<http://www.brothershenderson.com/>
pronouns: he/him

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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of James W. Spencer
Sent: Friday, November 5, 2021 10:25 AM
To: 'wsbarp at lists.wsbarppt.com' <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] Foreclosure Question

Greetings All:

Since I (almost) exclusively work on the T&E side of things, I have a question for you dirt attorneys about what, practically, happens at foreclosure for the various property creditors.

In the case at hand, there are three deeds of trust against the real property. Significant equity, so paying off all three should be no problem. The second DOT holder is initiating foreclosure. Do DOT holders 1 and 3 need to do anything? Is there something like escrow at a Trustee's sale that will ensure that all three promissory notes are satisfied?

Your insights are appreciated. DOT holder 3 may need legal assistance if that is the best advice, so referrals (including self) are also appreciated.

Thank you,
James

James W. Spencer
Attorney at Law
Brothers & Henderson, P.S.
2722 Eastlake Avenue East, Suite 200
Seattle, Washington 98102
Phone: (206) 324-4300 x106
Fax: (206) 324-3106
e-mail: jamess at brothershenderson.com<mailto:jamess at brothershenderson.com>
www.brothershenderson.com<http://www.brothershenderson.com/>
pronouns: he/him

[cid:image001.jpg at 01D7DAE8.A0157E70]
The information transmitted in this e-mail message and attachments is attorney-client information, is privileged or confidential material and is intended only for the use of the individual or entity named above. You are hereby notified that any disclosure, copying, distribution, review by or taking of any action in reliance on the contents of this e-mail information by unauthorized persons is strictly prohibited. All personal messages are solely the views of the sender and are not to be attributed to Brothers & Henderson, P.S. If you have received this transmission in error, immediately notify the sender by reply e-mail and permanently delete this transmission and all copies including attachments.

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