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<p class="MsoNormal">So I have a lender client wanting to do a deed in lieu on a property. Property was ‘surrendered’ by debtor in BK and ‘abandoned’ by Trustee. BK discharged. Lender (the first) is stating that they believe the 2<sup>nd</sup> was discharged.
My thought is that such a position makes no sense since essentially neither the debtor nor the trustee even ‘dealt’ with this investment property and as a result neither did the Court and at most all the ‘discharge’ would have done is wipe out any personal
liability for the debt <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Richard L. Holland<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><img width="175" height="78" style="width:1.8229in;height:.8125in" id="Picture_x0020_3" src="cid:image001.jpg@01D173B8.FB593800" alt="logo-for-print.jpg"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt">733 7th Avenue, Suite 110<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Kirkland, WA 98033<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">425-836-6240 / 425-748-3901 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:9.0pt">The information contained in this communication, and in any attached document(s), is priviledged and/or confidential, intended solely for the individual/entity to whom/which it was sent. If you are not the
intended recipient, you are hereby notified that any dissemination, distribution, or copying of this information is strictly prohibited. If you have received this email in error, please notify me immediately at the email address, mailing address, or telephone
or fax number above.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">– but that’s more logic than some legal doctrine I can point to. I have very little familiarity with BK law but, again, from a RE perspective, it seems to me the Lender needs to FC and wipe out the second to get it off title. Am I missing
something?<o:p></o:p></p>
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