[WSBARP] Tax Sale Issue

[Mark Anderson]

Dear All:

Client is the holder of a note secured by a deed of trust for residential real property located here in Washington.  The owner of the property is delinquent in his payments under the note.  Client has not yet initiated foreclosure proceedings.  The owner is also delinquent in paying property taxes and a tax foreclosure sale is scheduled.  As I see it, Client has two options:


  *   Get a deed in lieu of foreclosure from the owner and then pay off the tax lien prior to the tax sale; or
  *   Wait for the tax sale and bid the balance of the note.

Do you favor one approach over the other?  Or are there other options?

Thanks.

Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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