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<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D">The lender will accept a default cure check from anyone, doesn’t have to be the customer.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D">I would get bank statements from the brother, if possible.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D">You might find it difficult to get statements directly from the bank if your client is not their customer, and equally difficult to substitute yourself for the customer without the customer’s
approval and an assumption application. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D">If the property is in foreclosure, this cure / payoff information can probably be obtained from the trustee that intends to auction the property. The trustee and their contact information should
be searchable in the county’s records, but sounds like you may have that info already.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt">From:</span></b><span style="font-size:11.0pt"> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Erik Marks<br>
<b>Sent:</b> Sunday, June 14, 2020 2:23 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] 3rd Party Mortgage Cure?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Client's brother owns home with one mortgage on it, LTV of about 25%. Clearly there is significant equity. Client recently found out the mortgage is in foreclosure, with the sale date in late July. Client
does not know why brother is neither paying mortgage, nor dealing with the foreclosure process; he does not talk about it. Mental health issues are suspect, but those cannot be solved in time to stop the sale.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Client wants to find out cost to cure, and pay it. And thereafter make ordinary monthly payments on the loan, until she can help her brother get things sorted out.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">The challenge is that client is not the borrower, and borrower has not asked/authorized lender to work with client. So, my question to the group is: do you think the lender (US Bank) will cooperate to allow
a 3<sup>rd</sup> Party to cure the mortgage default? And any suggestions how to get in contact with US Bank to discuss, other than calling in through the 1-800 front door phone lines?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Thank you for any insights you may have.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;color:black">-- <o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:#4D573A">Erik G Marks</span></i></b><span style="font-size:10.5pt;color:#4D573A"> </span><span style="font-family:"Times New Roman",serif;color:#4D573A"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A">Attorney at Law</span></i></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A">
</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"><br>
2255 Harbor Ave SW</span><span style="font-family:"Times New Roman",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Suite 203</span><span style="font-family:"Times New Roman",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Seattle, WA 98126</span><span style="font-family:"Times New Roman",serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">office: 206-264-4598 <br>
cell: 206-612-8653<br>
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</span><u><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#0000FE"><a href="mailto:erik@egmrealestate.com">erik@egmrealestate.com</a></span></u><span style="font-size:11.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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