<div dir="ltr">Steve -<div><br></div><div>Correct. There's a judgment lien to an ex-spouse for support.</div><div><br></div><div>Kaitlyn</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Sep 26, 2019 at 12:30 PM Stephen A. Brandli <<a href="mailto:steve@brandlilaw.com">steve@brandlilaw.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">The original question mentioned a judgment. Is it a judgment lien that the title company is flagging?<br>
<br>
Steve<br>
<br>
-----Original Message-----<br>
From: <a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>> On Behalf Of Jennifer Johnson<br>
Sent: Thursday, September 26, 2019 12:20 PM<br>
To: <a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a><br>
Subject: Re: [WSBARP] What are "proceeds" on sale of real property<br>
<br>
I'm curious why title (or escrow) would be taking a position on what constitutes proceeds?<br>
<br>
The standard purchase and sale states that the seller will remove all monetary liens that the buyer hasn't assumed, and that the parties will pay broker commissions in accordance with their listing agreement. The closing agent is instructed to disburse commission to the firms.<br>
<br>
Following the agreement, escrow would prepare a settlement statement showing all costs that Seller has agreed to pay (including broker commission from the commission disbursement), include the full amount of the judgment, and show an amount that Seller has to bring in to escrow in order to close the transaction.<br>
<br>
From that point, Seller needs to either bring in the amount needed to close, or try to negotiate a way to get the net proceeds to zero. <br>
Whatever happens at that point is up to the parties, not the escrow agent.<br>
<br>
Jennifer<br>
<br>
Jennifer Johnson<br>
Title Officer | Attorney<br>
Hanigan Law Office, PS<br>
Wahkiakum Title & Escrow Co.<br>
PO Box 39 - 68 Main Street<br>
Cathlamet, WA 98612<br>
(360) 795-3494 / -3741<br>
(360) 795-3001 (f)<br>
<a href="http://www.wahtitle.com" rel="noreferrer" target="_blank">www.wahtitle.com</a><br>
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On 9/26/19 11:48 AM, Kaitlyn Jackson wrote:<br>
> Probably not this close to closing.<br>
> <br>
> But I would really like to know what, if any, is the definition of <br>
> "proceeds" in this context. If proceeds mean price minus costs. And <br>
> costs include commission to brokers, then Title's position is incorrect.<br>
> <br>
> Kaitlyn<br>
> <br>
> <br>
> <br>
> On Thu, Sep 26, 2019 at 11:36 AM Douglas Scott <br>
> <<a href="mailto:doug@rainieradvocates.com" target="_blank">doug@rainieradvocates.com</a> <mailto:<a href="mailto:doug@rainieradvocates.com" target="_blank">doug@rainieradvocates.com</a>>> wrote:<br>
> <br>
> Can you get this quickly on the family law calendar and petition the<br>
> court for approval of the sale and distribution to the ex?<br>
> *DOUGLAS W. SCOTT*<br>
> Rainier Legal Advocates|LLC<br>
> <br>
> *Eastside Office*<br>
> 465 Rainier Blvd. N., Suite C | Issaquah, Washington 98027 |<br>
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> On Thu, Sep 26, 2019 at 11:29 AM <<a href="mailto:nestor@pplsweb.com" target="_blank">nestor@pplsweb.com</a><br>
> <mailto:<a href="mailto:nestor@pplsweb.com" target="_blank">nestor@pplsweb.com</a>>> wrote:<br>
> <br>
> Unless there is case law to the contrary (that I have not seen)<br>
> those amounts come out of the net proceeds to the Seller.____<br>
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> *From:* <a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a><br>
> <mailto:<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>><br>
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> <mailto:<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>>> *On Behalf Of<br>
> *Kaitlyn Jackson<br>
> *Sent:* Thursday, September 26, 2019 11:13 AM<br>
> *To:* WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a><br>
> <mailto:<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a>>><br>
> *Subject:* [WSBARP] What are "proceeds" on sale of real property____<br>
> <br>
> __ __<br>
> <br>
> Brain trust -____<br>
> <br>
> __ __<br>
> <br>
> Client is real estate broker. Broker has entered into contract<br>
> with Seller. Sale of property is pending. Title discovers<br>
> divorce decree judgment with the following language in favor of<br>
> Seller's ex-spouse: ____<br>
> <br>
> __ __<br>
> <br>
> /It is further ordered that any proceeds from the pending<br>
> sale of Respondent’s home shall first be applied to his past<br>
> due child support .... judgment of $$$; any remaining<br>
> proceeds shall be applied to his past due spousal<br>
> maintenance judgment of $$$. Failure to apply the proceeds<br>
> as directed by this order shall be a basis for contempt. /____<br>
> <br>
> I took out the amount for privacy reasons. ____<br>
> <br>
> __ __<br>
> <br>
> It is discovered that if the ex-spouse's judgment is paid out of<br>
> the proceeds of the sale that not enough money will be left to<br>
> pay the brokers their commission. Aren't the commissions<br>
> supposed to take priority as a service rendered? ____<br>
> <br>
> __ __<br>
> <br>
> Would love to hear your thoughts. ____<br>
> <br>
> -- ____<br>
> <br>
> Thank you,____<br>
> <br>
> <br>
> KaitlynR. Jackson|Attorney| DIMENSIONLAWGROUPPLLC<br>
> 130 Andover Park East, Suite 300 | Tukwila, WA 98188____<br>
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<a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)"><span style="font-family:tahoma,sans-serif"><font size="2"><span style="color:rgb(102,102,102)"><span style="line-height:19.5px">Thank you,</span></span></font><font color="#888888"><span style="color:rgb(102,102,102)"><span style="font-variant:small-caps;font-size:13.5pt"><b><font size="2"><br></font></b></span></span></font></span></div><font style="font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" color="#888888"><span style="color:rgb(102,102,102)"><span style="font-variant:small-caps;font-size:13.5pt"><font size="2"><br></font></span></span></font><font style="font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" color="#888888"><span style="color:rgb(102,102,102)"><span style="font-variant:small-caps;font-size:13.5pt"><font size="2"><span style="font-family:tahoma,sans-serif"><font size="4"><font size="1"><font size="4">K</font><font size="2">aitlyn</font> <font size="4">R. J</font><font size="2">ackson</font></font></font></span></font><span> </span>|<font color="#888888"><span> </span></font><span style="font-family:tahoma,sans-serif"><font size="1"><font size="4">A</font><font size="2">ttorney</font></font></span><font size="1"><span></span></font>|<font size="4"><span> </span><span style="font-family:tahoma,sans-serif">D</span></font><font size="1">IMENSION</font><span> </span><span style="font-family:tahoma,sans-serif"><font size="4">L</font></span><font size="1" color="#888888">AW</font><font size="4"><span> </span><span style="font-family:tahoma,sans-serif">G</span></font><font size="1" color="#888888">ROUP</font><span style="font-family:tahoma,sans-serif"><font size="4"><span> </span><font size="4" color="#888888">P</font></font></span><font size="1">LLC </font></span></span><span style="color:rgb(31,73,125);font-size:13px"></span></font><br style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)"><font style="font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" color="#888888"><span style="color:rgb(31,73,125);font-size:13px"></span><font size="2"><span style="font-variant:small-caps;color:rgb(31,73,125)"><span style="color:rgb(102,102,102)"></span></span></font></font><font style="color:rgb(34,34,34);font-family:arial,sans-serif;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" size="2"><span style="font-family:tahoma,sans-serif"><span style="color:rgb(102,102,102)">130 Andover Park East, Suite 300 | Tukwila, WA 98188</span></span></font><div style="font-family:arial,sans-serif;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);color:rgb(136,136,136);font-size:13px"><span style="font-family:tahoma,sans-serif"><font size="2"><span style="color:rgb(102,102,102)"><span style="line-height:19.5px"><span style="color:rgb(255,0,0)"><span style="color:rgb(246,178,107)"><span><font color="#888888"><font size="1"><span style="font-variant:small-caps;color:rgb(31,73,125)"><font size="2"><span style="color:rgb(61,133,198)">t:<span> </span><u><a value="+12063891643">206.973.3500<span> </span></a></u>| f:<span> </span><u><a value="+12063891708">206.577.5090</a></u>|<span> </span></span></font></span></font></font><span style="color:rgb(61,133,198)"><span style="font-variant:small-caps"><span style="font-variant:small-caps">e:<span> </span><u><a value="+12063891708">kaitlyn@dimensionlaw.com</a></u></span></span><span style="font-variant:small-caps">|<font color="#888888"><span> </span></font><a href="http://www.dimensionlaw.com/" target="_blank">www.dimensionlaw.com</a></span></span></span></span></span></span></span></font></span></div></div></div>
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<span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:rgb(61,133,198)">PRIVILEGED AND CONFIDENTIAL:</span><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:rgb(11,83,148)"> </span><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:gray">This e-mail (including any attachments) is intended only for the use of the individual or entity named above and may contain privileged or confidential information. If you are not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are notified that any review, dissemination, distribution or copying of this e-mail is prohibited. Attempts to intercept this message are in violation of 18 USC 2511(1) of the Electronic Communications Privacy Act, which subjects the interceptor to fines, imprisonment and/or civil damages. If you have received this e-mail in error, please immediately notify us by e-mail, facsimile, or telephone; return the e-mail to us at the e-mail address below; and destroy all paper and electronic copies. Any settlement offer contained herein is made pursuant to Washington ER 408, and without admitting fault or liability on the part of this firm’s client(s) or its agents.</span><font style="color:rgb(34,34,34);font-size:12.8px;font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" face="Arial, sans-serif"><span style="font-size:16px"> </span></font><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:rgb(79,129,189)">IRS CIRCULAR 230 DISCLAIMER:</span><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:blue"> </span><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:navy"> </span><span style="font-style:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);font-size:7.5pt;font-family:Tahoma,sans-serif;color:gray">To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code; or (ii) promoting, marketing or recommending to another party any transaction or tax-related matter addressed herein. <br></span>