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<p class="MsoNormal">I should add, debtor is an LLC. <o:p></o:p></p>
<p class="MsoNormal"><a name="_MailEndCompose"><o:p> </o:p></a></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>Matt Johnson<br>
<b>Sent:</b> Thursday, January 11, 2018 11:02 AM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] Junior DOT Foreclosure<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If a first place DOT won’t sell there position and refuses to foreclose even though they are technically in default. There is ample equity and income to satisfy both debts. The debtor has completely aborted its obligations under the junior
lienholder’s note. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Is there any way to force a first place lienholder’s interest into a foreclosure or execution proceeding?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I do not see any obvious way to do this through foreclosure either non-judicial or judicially.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If we obtain money judgment directly on the obligation, could we execute on the whole property satisfying creditors according to priority? Perhaps appoint a receiver?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Regards, <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="background:white"><b><span style="font-size:12.0pt;color:#1F497D">Matthew R. Johnson | Attorney at Law<o:p></o:p></span></b></p>
<p class="MsoNormal" style="background:white"><b><span style="font-size:12.0pt;color:#1F497D"><a href="https://gravislaw.acuityscheduling.com/"><span style="font-weight:normal">Schedule an Appointment</span></a></span></b><span style="font-size:12.0pt;color:#222222"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">Partner - Gravis Law, PLLC<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">P.O. Box 182 | 350 E. Main St.
<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">Dayton, WA 99328<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">O-(509) 382-2030<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">F-(866) 419-9269<br>
</span><u><span style="color:#0563C1"><a href="https://www.gravislaw.com/" target="_blank"><span style="color:blue">Website </span></a></span></u><span style="color:#1F497D">- <a href="https://www.linkedin.com/pub/matthew-r-johnson/2b/997/87a" target="_blank">LinkedIn</a><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#222222"><o:p> </o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="color:#1F497D">NOTICE: This email (including any attachments) is covered by the Electronic Communications Privacy Act (EPCA), 18 U.S.C., Sec. 2510 - 2522, is confidential and privileged. This email
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If you have received this message in error, please notify me immediately by reply e-mail to <a href="mailto:matt@gravislaw.com">matt@gravislaw.com</a> and immediately delete the original message.</span><span style="color:#222222"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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