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<p>switch to a real estate contract, which works for ag land<br>
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<div class="WordSection1">
<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>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">10101 - 270th St. NW </p>
<p class="MsoNormal">P.O. Box 249 </p>
<p class="MsoNormal">Stanwood, WA 98292 </p>
<p class="MsoNormal">(360) 629-2900 (Telephone) </p>
<p class="MsoNormal">(360) 629-0220 (Fax) </p>
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</div>
<div class="moz-cite-prefix">On 9/15/2016 10:37 AM, Eric Nelsen
wrote:<br>
</div>
<blockquote
cite="mid:8CF6ADB264BB704BB884B2ED9C1931D40188647113@SBS2011.SayreLawOffices.local"
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<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?<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">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...<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-family:"Calibri","sans-serif";color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Eric<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Eric
C. Nelsen<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">SAYRE
LAW OFFICES, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">1417
31st Ave South<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">Seattle
WA 98144-3909<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">phone
206-625-0092<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D">fax
206-625-9040<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<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
have moved our Seattle office to Mount Baker Ridge (a small
commercial community just above the I-90 tunnel).
<b>Our new address is 1417 31st Avenue South, Seattle WA
98144. </b>All other contact information remains the
same.<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"><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 class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
[<a class="moz-txt-link-freetext" href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.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<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal">Real Property List:<o:p></o:p></p>
<div>
<p class="MsoNormal"><o:p> </o:p></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.<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><br clear="all">
<o:p></o:p></p>
<div>
<div>
<div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Best,<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">David
J. Faber<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Faber
Feinson PLLC<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">210
Polk Street, Suite 1<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif"">Port
Townsend, WA 98368<br>
(360) 379-4110<o:p></o:p></span></p>
</div>
<div>
<p class="MsoNormal"><span
style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
</div>
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<pre wrap="">_______________________________________________
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