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<div>Clients are parent-lenders for son and daughter-in-law, when they purchased a home a number of years ago. This is not a seller-financed transaction. Lenders have never had any interest in home, except as beneficiaries under Note and Deed of Trust. About
three years ago, son and daughter-in-law divorce, daughter-in-law is awarded home, stops making payment on Note. Stops paying property taxes. Tax foreclosure will begin this year. Parents have decided to begin a nonjudicial foreclosure proceeding.</div>
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<div>I’ve been advised by the WA Commerce Dept. that a private lender is not exempt from the mediation notice requirements of the Foreclosure Fairness Act, but that most likely mediation would not be available in this situation. So, it appears we must comply
with providing the 30-day letter required under RCW 61.24.031(1)(b) & (c), before we can start the nonjudicial foreclosure action. I’m wondering if anyone else has dealt with this private lender situation when lender is not the seller, and what happens if
the borrower requests a meeting or mediation. </div>
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<div><font face="TypoUpright BT" size="5"><span style="font-size:18pt;"><b><i>Jeanne J.</i></b><font face="Times New Roman" size="3"><span style="font-size:12pt;"><b><i> </i></b></span></font><font face="Bella Donna"><b><i>Dawes</i></b></font></span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">Attorney at Law</span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">Gore & Grewe, P.S.</span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">103 E. Indiana Avenue, Suite A</span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">Spokane, WA 99207-2317</span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">Voice: 509-326-7500</span></font></div>
<div><font face="Arial" size="2"><span style="font-size:10pt;">Fax: 509-326-7503</span></font></div>
<div><font size="2"><span style="font-size:11pt;"><a href="mailto:jjdawes@goregrewe.com"><font face="Arial" size="2" color="blue"><span style="font-size:10pt;"><u>jjdawes@goregrewe.com</u></span></font></a></span></font></div>
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