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<p class="MsoNormal"><span style="color:#1F497D">I don’t think there is a definitive answer to whether standing timber is a crop for purposes of RCW 61.24.030, but many institutional lenders routinely use deeds of trust to secure liens on WA timberlands. Conceptually,
the long-term nature of timber harvest cycles renders timberlands qualitatively different from ag lands that grow annual/seasonal crops, so with timberland owners there isn’t really a need to protect their rights in a crop that might be harvested during a
post-foreclosure redemption period, thus non-judicial foreclosure of a deed of trust should be permissible. <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">~
<i>Warren<o:p></o:p></i></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Warren Koons
</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">| Davis Wright Tremaine<b>
</b>LLP</span><span style="color:#1F497D"><br>
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| Website: </span><span style="color:#1F497D"><a href="http://www.dwt.com/"><span style="font-size:7.5pt;font-family:"Arial","sans-serif";color:#CC0000">www.dwt.com</span></a></span><span style="font-size:7.5pt;color:#1F497D"><br>
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</span><span style="font-size:7.5pt;font-family:"Arial Narrow","sans-serif";color:#1F497D">Anchorage |
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">"Ability, integrity, service." --John Davis</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">
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<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>James Mullins<br>
<b>Sent:</b> Thursday, April 23, 2015 9:47 AM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> Re: [WSBARP] is timberland 'agricultural' for puposes of 6i1.24?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">I’m coming late into this conversation due to other more pressing matters.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">I had the same question in my mind a few years ago when handling a D/T foreclosure on some timber land for a client. Is standing timber which could be harvested
a “crop?” I couldn’t find any precedent on the issue and none of my go-to colleagues had an answer. The client decided to go non-judicial after we discussed the risk/benefit analysis of guessing wrong on this topic. But because the timber was valuable,
we decided the err on the side of caution and did an Article 9 security interest foreclosure process at the same time as the D/T foreclosure process. This added a lot of cost which didn’t make the client happy.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">Did anyone have any thoughts on your post? I didn’t see any. It seems this issue must have come up before. There is a lot of timberland around the Northwest.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">James D. Mullins<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">Mullins Law Firm, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">105 West Evergreen Blvd., Suite 200<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">Vancouver, WA 98660<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">Vancouver (360) 693-5883<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">E-mail --
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<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Times New Roman","serif";color:#1F497D">Website –
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<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>Roger Hawkes<br>
<b>Sent:</b> Thursday, April 16, 2015 4:42 PM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> [WSBARP] is timberland 'agricultural' for puposes of 6i1.24?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Just a wild thought; if forest is being grown as a crop, would the 61.24 exclusion of ‘agricultural’ land apply? Has that been ruled on?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Roger Hawkes, WSBA # 5173<o:p></o:p></p>
<p class="MsoNormal">19909 Ballinger Way NE<o:p></o:p></p>
<p class="MsoNormal">Shoreline, WA 98155<o:p></o:p></p>
<p class="MsoNormal"><a href="http://www.hawkeslawfirm.com">www.hawkeslawfirm.com</a><o:p></o:p></p>
<p class="MsoNormal">206 367 5000<o:p></o:p></p>
<p class="MsoNormal">Fax is 206 367 4005<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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