<div dir="ltr">Thanks all,<div><br></div><div>Because I'm representing the buyer, we don't particularly want a real estate contract. We originally were using a real estate contract but switched off of it in favor of a note and deed of trust after I was assured by the title company, despite my statutory review, that they could prepare a DOT for agricultural land. I should have realized that they're LPOs and unable to get terribly creative (or creative at all), but I didn't push back on the assertion. Anyway, this discussion was very helpful and I think we have arrived at a solution.</div></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div style="font-family:arial;font-size:small">Best,</div><div style="font-family:arial;font-size:small">David J. Faber</div><div style="font-family:arial;font-size:small">Faber Feinson PLLC</div><div style="font-family:arial;font-size:small">210 Polk Street, Suite 1</div><div style="font-family:arial;font-size:small">Port Townsend, WA 98368<br>(360) 379-4110</div><div style="font-family:arial;font-size:small"><br></div><div style="font-family:arial;font-size:small"><span style="font-family:Helvetica">*** NOTICE: ATTORNEY CLIENT COMMUNICATION - PRIVILEGED & CONFIDENTIAL. This communication may contain privileged or other confidential information. If you are not the intended recipient, or believe that you have received this communication in error, please do not print, copy, retransmit, disseminate, or otherwise use the information. Also, please indicate to the sender that you have received this communication in error, and destroy the copy you received.***</span></div></div></div></div>
<br><div class="gmail_quote">On Thu, Sep 15, 2016 at 10:54 AM, Robert R. Cole <span dir="ltr"><<a href="mailto:cole-gilday@stanwoodlaw.net" target="_blank">cole-gilday@stanwoodlaw.net</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#000000">
<p>switch to a real estate contract, which works for ag land<br>
</p>
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<p class="MsoNormal">Very Truly Yours,</p>
<p class="MsoNormal">Robert R. Cole</p>
<p class="MsoNormal">Law Office of Cole & Gilday, P.C. </p>
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<div>On 9/15/2016 10:37 AM, Eric Nelsen
wrote:<br>
</div>
</span><blockquote type="cite">
<div><span class="">
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">I'm
just guessing here--but a DOT on agricultural land is still
effective as a mortgage, isn't it? So it can be judicially
foreclosed like a mortgage?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">I
think the alternative is having a mortgage (LPB Form 50)
prepared instead of a DOT, but if the extent of lien
protection and the available remedy are exactly the same as
a DOT when it comes to agricultural land, maybe it's not
worth it...<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">Sincerely,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">Eric<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">Eric
C. Nelsen<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">SAYRE
LAW OFFICES, PLLC<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">1417
31st Ave South<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">Seattle
WA 98144-3909<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:#1f497d">phone
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</span><p class="MsoNormal"><b><span style="font-family:"Calibri","sans-serif";color:red">Please
Note that We Have Moved.</span></b><b><span style="font-family:"Calibri","sans-serif";color:#1f497d"></span></b><span style="font-family:"Calibri","sans-serif";color:#1f497d">We
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<b>Our new address is 1417 31st Avenue South, Seattle WA
98144. </b>All other contact information remains the
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<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" target="_blank">wsbarp-bounces@lists.wsbarppt.<wbr>com</a>
[<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">mailto:wsbarp-bounces@lists.<wbr>wsbarppt.com</a>]
<b>On Behalf Of </b>David Faber<br>
<b>Sent:</b> Thursday, September 15, 2016 10:18 AM<br>
<b>To:</b> wsbarp<br>
<b>Subject:</b> [WSBARP] Deed of Trust For Agricultural Land<u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
<div>
<p class="MsoNormal">Real Property List:<u></u><u></u></p>
<div>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
<div>
<p class="MsoNormal">I am working on behalf of a buyer
purchasing real property for-sale-by-owner with the seller
carrying the note. The real property will be used in
significant part as agricultural land. Being aware of the
limiting language in the LPO form deed of trust ("which
real property is not used principally for agricultural or
farming purposes"), I called the closing agent and
discussed the issue. At that point in time, they informed
me that they could prepare a deed of trust for
agricultural lands and I figured the issue was settled.
Now that we're a couple days from closing closing,
however, they have provided a deed of trust with the
limiting language around agricultural land and I find I'm
now in a bind. Any advice on what to do now? We're four
days from closing.<u></u><u></u></p>
</div>
<div>
<p class="MsoNormal"><br clear="all">
<u></u><u></u></p>
<div>
<div>
<div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Best,<u></u><u></u></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">David
J. Faber<u></u><u></u></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Faber
Feinson PLLC<u></u><u></u></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">210
Polk Street, Suite 1<u></u><u></u></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Port
Townsend, WA 98368<br>
<a href="tel:%28360%29%20379-4110" value="+13603794110" target="_blank">(360) 379-4110</a><u></u><u></u></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif""><u></u> <u></u></span></p>
</div>
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