<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>HC is selling three construction projects in mid-construction. Sub who caused massive delays (and damages) filed substantial lien. There are enough proceeds to provide cash collateral for a bond to deal with the lien, but the title company refuses to close without a bond (i.e., refuses to send money to the surety before the bond is issued) and the surety won’t issue the bond without the money. Chicken and egg problem. Anyone dealt with something like this before? I assume with buyer’s consent to take title subject to the lien we could set up a second escrow or trustee or something to receive money, send it to the surety, get and record the bond, but I have no idea who might act as such a second escrow or trustee. All creative solutions very much welcomed. Humorous but ineffectual solutions also welcomed. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Alan S. Middleton<o:p></o:p></p><p class=MsoNormal>Law Offices of Alan S. Middleton PLLC<o:p></o:p></p><p class=MsoNormal>10605 SE 240th St. PMB 444<o:p></o:p></p><p class=MsoNormal>Kent, WA 98031<o:p></o:p></p><p class=MsoNormal>Tel (206) 533-0490<o:p></o:p></p><p class=MsoNormal><a href="mailto:alanscottmiddleton@comcast.net"><span style='color:windowtext'>alanscottmiddleton@comcast.net</span></a><o:p></o:p></p><p class=MsoNormal><a href="http://www.alanmiddletonlaw.com/"><span style='color:windowtext'>www.alanmiddletonlaw.com</span></a><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>