<div dir="ltr">You are correct its a mobile home on a rented mobile home park lot. Thank you everyone for your insight. The title has not been eliminated. I will have them do a loan agreement w/ future advances clause and file the UCC. <div><br></div><div><font color="#000000" face="Arial, Helvetica, sans-serif"><span style="font-size:14.6666669845581px">Jim</span></font></div><div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Mar 23, 2015 at 12:02 PM, Jennifer Johnson <span dir="ltr"><<a href="mailto:jmhanigan@cni.net" target="_blank">jmhanigan@cni.net</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<font face="Calibri, Verdana, Helvetica, Arial"><span style="font-size:11pt">Is it just a mobile home on a rented lot in a mobile home park? If so, it is personal property, not real property. You can do a loan agreement and/or a promissory note with a future advances clause, and secure the loan by filing a UCC financing statement. <br>
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Jennifer<br>
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</span></font><span style="font-size:11pt"><font face="Big Caslon">Jennifer M. Johnson | Attorney<br>
Hanigan Law Office, P.S.<br>
P.O. Box 39 / 68 Main Street<br>
Cathlamet, WA 98612<br>
<a href="tel:%28360%29%20795-3494" value="+13607953494" target="_blank">(360) 795-3494</a><br>
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On 3/23/15 10:44 AM, "Bickel, Dwight" <<a href="http://Dwight.Bickel@fntg.com" target="_blank">Dwight.Bickel@fntg.com</a>> wrote:<br>
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</font></div></div></span><blockquote><div><div class="h5"><span style="font-size:11pt"><font face="Calibri, Verdana, Helvetica, Arial">The only real property lien that is appropriate is a Deed of Trust to secure the agreement for repayment. A Promissory Note is not needed, because the amount due is not known. A written agreement defining the reimbursement would be needed. The amount due must be capable of determination at the time of default. It should be signed, acknowledged and recorded at the time of the agreement to perfect the lien position and its enforceability against now unforeseen other creditors. Waiting until the sale would be foolish, not only risking loss of priority, but also risking a sale to persons who have no knowledge prior to the appearance of the last-minute recording in the public records.<br>
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</font></span><font face="Calibri, Verdana, Helvetica, Arial"><font><span style="font-size:10pt"><b>From:</b> <a href="http://wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>James Van Damme<br>
<b>Sent:</b> Sunday, March 22, 2015 8:35 PM<br>
<b>To:</b> <a href="http://wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBARP] voluntary lien on real property<br>
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</span></font><font size="1"><font face="Times New Roman"><span style="font-size:9pt">PC's mother is elderly and is moving to a retirement home and they are planning on selling her mobile home. In the meantime the PC is paying the mother's monthly lot rent. PC wants to be repaid from the proceeds. <br>
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</span></font><font size="1"><font face="Times New Roman"><span style="font-size:9pt">I could not find any specific statutory liens covering the situation. Is the proper procedure to execute a promissory note secured by a deed of trust? Should PC then file the deed or wait until the home is sold. <br>
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</span></font><font size="1"><font face="Times New Roman"><span style="font-size:9pt">James Van Damme <br>
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