[WSBARP] Note & Deed of Trust Questions

[Mark Anderson]

Dear All:
Purchaser (and individual) on a Seller-financed piece of property wants to transfer title to the property into Purchaser's single member LLC.  I represent Seller.  The parties want to allow this to happen, but I want to make sure that Seller is protected.  Here are some questions I'm considering:
Can the LLC be added on as a Maker to the Note by an amendment?  Or should there be a new Note?
Can the LLC be added on as a Grantor under the Deed of Trust by an amendment?  I do not want to have the LLC just execute and record a new Deed of Trust because I do not want the Deed of Trust to lose any priority.
Thanks in advance for any thoughts you might have on this process.
Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock Street, Suite 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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