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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Jeanne,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Also note that the six-month priority in RCW 64.34.364 applies only to condos, and does not overrule a prior inconsistent provision giving lenders full priority in a declaration recorded prior to July 1, 1990. Also note that FHFA as conservator for Fannie and Freddie has filed a federal court suit in Nevada challenging the validity of all association liens that prime the interests of Fannie and Freddie under federal law.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Jim<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal align=center style='text-align:center'><b><span style='font-size:11.0pt;color:#C00000'>Please check out our new website, now live at www.condo-lawyers.com.<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p></div><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr style='height:39.25pt'><td width=393 valign=top style='width:294.45pt;border-top:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;padding:5.75pt 5.75pt 5.75pt 5.75pt;height:39.25pt'><p class=MsoNormal style='mso-margin-top-alt:2.0pt;margin-right:0in;margin-bottom:2.0pt;margin-left:0in;line-height:9.0pt;mso-line-height-rule:exactly'><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>Jim Strichartz</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:2.0pt;margin-right:0in;margin-bottom:2.0pt;margin-left:0in;line-height:9.0pt;mso-line-height-rule:exactly'><i><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>Attorney</span></i><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td><td width=299 valign=top style='width:224.3pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;padding:5.75pt 5.75pt 5.75pt 5.75pt;height:39.25pt'><p class=MsoNormal align=right style='mso-margin-top-alt:2.0pt;margin-right:0in;margin-bottom:2.0pt;margin-left:0in;text-align:right;line-height:9.0pt;mso-line-height-rule:exactly'><b><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>Law Offices of James L. Strichartz</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal align=right style='mso-margin-top-alt:2.0pt;margin-right:0in;margin-bottom:2.0pt;margin-left:0in;text-align:right;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>201 Queen Anne Avenue North, Suite 400</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal align=right style='margin-top:2.0pt;text-align:right;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>Seattle, WA 98109-4824</span><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td></tr><tr><td width=393 valign=bottom style='width:294.45pt;border-top:none;border-left:solid windowtext 1.0pt;border-bottom:solid windowtext 1.0pt;border-right:none;padding:5.75pt 5.75pt 5.75pt 5.75pt'><p class=MsoNormal style='margin-bottom:2.0pt;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'><a href="mailto://jim@condo-lawyers.com/"><span style='color:#2E4171'>jim@condo-lawyers.com </span></a></span><u><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#2E4171'><o:p></o:p></span></u></p><p class=MsoNormal style='margin-bottom:2.0pt;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'><a href="http://www.condo-lawyers.com/"><span style='color:#2E4171'>http://www.condo-lawyers.com</span></a> </span><span style='color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:2.0pt;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'><a href="http://www.linkedin.com/in/condolawyer" target=nw><span style='color:#2E4171'>http://www.linkedin.com/in/condolawyer</span></a></span><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td><td width=299 valign=bottom style='width:224.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:5.75pt 5.75pt 5.75pt 5.75pt'><p class=MsoNormal align=right style='margin-bottom:2.0pt;text-align:right;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>tel: 206-388-0600</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal align=right style='mso-margin-top-alt:2.0pt;margin-right:0in;margin-bottom:2.0pt;margin-left:0in;text-align:right;line-height:9.0pt;mso-line-height-rule:exactly'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:#1F497D'>fax: 206-286-2666</span><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=692 colspan=2 style='width:518.75pt;border:solid windowtext 1.0pt;border-top:none;background:#2E4171;padding:5.75pt 5.75pt 5.75pt 5.75pt;height:15.25pt'><p class=MsoNormal align=right style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:right'><span style='font-size:8.0pt;font-family:"Verdana","sans-serif";color:white'>Providing Tools for Successful Communities</span><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td></tr><tr style='height:40.5pt'><td width=692 colspan=2 style='width:518.75pt;border:solid windowtext 1.0pt;border-top:none;padding:5.75pt 5.75pt 5.75pt 5.75pt;height:40.5pt'><p class=MsoNormal><span style='font-size:7.5pt;font-family:"Tahoma","sans-serif";color:#1F497D'>This message is intended only for the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient, or the agent responsible for delivering the message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited, and you are requested to please notify us immediately by telephone, and return the original message to us at the above address. Opinions, conclusions and other information in this message that do not relate to the official business of this firm shall be understood as neither given nor endorsed by it. Although this message and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free, and no responsibility is accepted by this firm for any loss or damage in any way from its use.</span><span style='font-family:"Calibri","sans-serif";color:#1F497D'><o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Karen Gibbon<br><b>Sent:</b> Monday, March 16, 2015 6:44 PM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] CCR question<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Jeanne, <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>It is my understanding that this has to do with FNMA underwriting requirements so that loans can be sold on the secondary market.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>The super-priority in Washington applies to 6 months of assessments. Generally the mortgage lender will pay the 6 months of assessments and get dismissed from the case. Note that the state Supreme Court overruled the Court of Appeals in <i>BAC Home Loans v. Fulbright</i> (and S<i>ummerhill</i>). So if the lender fails to appear/respond and is defaulted, it can redeem the property during the redemption period. The redemption amount is usually much higher than the amount for 6 months of assessments. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Karen L. Gibbon<br>Law Offices of Karen L. Gibbon, P.S.<br>3409 McDougall Avenue, Suite 202<br>Everett, WA 98201<br><br>Telephone: (425)212-3277 ext 1<br>Facsimile: (425)212-3280<br>Email: <a href="mailto:kgibbon@gibbonlaw.com" target="_blank">kgibbon@gibbonlaw.com</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><br>THE INFORMATION CONTAINED IN THIS E-MAIL IS PRIVILEGED AND CONFIDENTIAL, AND IS INTENDED SOLELY FOR THE RECIPIENT(S) DESIGNATED ABOVE. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, YOU ARE NOTIFIED THAT ANY REVIEW, COPYING, PRINTING, DISCLOSURE, DISTRIBUTION, OR ANY OTHER USE, OF THE INFORMATION CONTAINED HEREIN IS STRICTLY PROHIBITED.<br><br>IF YOU ARE NOT THE INTENDED RECIPIENT, PLEASE NOTIFY THE SENDER BY RETURN E-MAIL AND DELETE THE COPY YOU RECEIVED.<o:p></o:p></span></p><div class=MsoNormal align=center style='text-align:center'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><hr size=2 width="100%" align=center></span></div></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Jeanne Dawes<br><b>Sent:</b> Monday, March 16, 2015 5:26 PM<br><b>To:</b> WSBA Real Property Listserv (<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>)<br><b>Subject:</b> [WSBARP] CCR question<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri","sans-serif"'>Dear Listmates:<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Calibri","sans-serif"'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Calibri","sans-serif"'>What is the rationale for subordinating the homeowner’s association lien/assessments to that of a first mortgage lender? Is it because lender’s will not lend if there is no subordination, or can the CCR’s not subordinate the lien, and create a preference for unpaid (defaulted) homeowner lien assessments that would have priority over subsequently recorded mortgages?<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><b><i><span style='font-size:18.0pt;font-family:"TypoUpright BT"'>Jeanne J.</span> </i></b><b><i><span style='font-size:18.0pt;font-family:"Bella Donna","serif"'>Dawes</span></i></b><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Attorney at Law</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Gore & Grewe, P.S.</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>103 E. Indiana Avenue, Suite A</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Spokane, WA 99207-2317</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Voice: 509-326-7500</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Fax: 509-326-7503</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><a href="mailto:jjdawes@goregrewe.com"><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>jjdawes@goregrewe.com</span></a></span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div style='margin-top:5.0pt;margin-bottom:5.0pt'><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND CONFIDENTIAL. IF YOU ARE NOT THE INTENDED RECIPIENT, DO NOT READ, DISTRIBUTE OR REPRODUCE THIS TRANSMISSION (INCLUDING ANY ATTACHMENTS). IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE NOTIFY THE SENDER BY E-MAIL REPLY.</span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div style='margin-top:5.0pt;margin-bottom:5.0pt'><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span><span style='font-family:"Calibri","sans-serif"'><o:p></o:p></span></p></div></div></body></html>