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<p class="MsoNormal"><span style="color:#1F497D">To clarify, the perceived problems are with the paperwork. When you deal in the “affordable housing” world, the houses and paperwork have many weird restrictions including multiple notes and deeds in order to
protect the non-profit entity. This program is designed to provide the buyer with affordable safe housing at below market rates but prevents the buyer from turning around and trying to resell the house and gaining a windfall profit. Buyer is now balking
at the last minute with some of the paperwork (which, admittedly, is not the model of clarity).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><a name="Paul_Neumiller2"><span style="color:#1F497D"><img width="250" height="150" id="_x0000_i1026" src="cid:image001.jpg@01D2BE7E.81141760"></span></a><span style="color:white"><o:p></o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Laird, Katherine<br>
<b>Sent:</b> Wednesday, April 26, 2017 10:41 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Pocket Lawsuit?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Did your client prepare and service a Form 17 disclosure document to the buyer? Were any of the alleged problems disclosed on the form?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:black">Katherine Kramer Laird</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">CenturyPacific, LP</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">Suite 1680</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">1201 Third Avenue</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">Seattle, WA 98101</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">Ph. 206-757-8892/Mobile. 206-915-0109</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray">Fax 206-757-7890</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<br>
</span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:gray"><a href="mailto:katherinelaird@centurypacificlp.com"><span style="color:blue">katherinelaird@centurypacificlp.com</span></a></span><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:black"> <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Book Antiqua",serif;color:black"> </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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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>Paul Neumiller<br>
<b>Sent:</b> Wednesday, April 26, 2017 10:32 AM<br>
<b>To:</b> <a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBARP] Pocket Lawsuit?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a short fuse on this and it’s a new situation for me. I represent a non-profit organization who is selling a residence to an income-qualified buyer. Buyer has many complaints which may or may not be legitimate and has threaten
to consult with Buyer’s attorney. Buyer now says that Buyer has seen Buyer’s attorney and wants to move forward with the transaction and close on the house. I am concerned that Buyer thinks that Buyer can close on the deal and then sue on the perceived problems.
Is there any case law that either says that Buyer waives all problems that are known prior to closing or that all of Buyer’s problems somehow merge into the deed? Is there any document that I should try to get the Buyer to sign now that fleshes out this issue?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="Paul_Neumiller"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><img border="0" width="250" height="150" id="_x0000_i1025" src="cid:image002.jpg@01D2BE7E.81141760"></span></a><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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