<div><br></div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Sep 23, 2020 at 3:45 PM Kate Love <<a href="mailto:KateL@law-hawks.com">KateL@law-hawks.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex" dir="auto"><br><br><br><br><br>The lights are on but no one is home.  You are wasting your time.<br><br><br><br><br><div dir="ltr"><br><br><div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><span style="font-family:"Times New Roman",serif;font-size:18.6667px;background-color:rgb(255,255,0);display:inline!important">undereducated and undertrained and undersupervised staff)</span><br><br><br></div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><span style="font-family:"Times New Roman",serif;font-size:18.6667px;background-color:rgb(255,255,0);display:inline!important"><br><br><br></span></div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><span style="background-color:rgb(255,255,255)">​and underpaid - trust me on this 😉</span><br><br><br></div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><br><br><br></div><br><br><div id="m_-3368580336566748633Signature"><br><br><div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:navy">Kate F. Love</span><span style="margin:0px;font-size:10pt;font-family:"Times New Roman",serif;color:black"></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:navy">WSBA No. 51314</span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:navy"> </span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:navy"> </span><span style="margin:0px;color:black"></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)">Hawkes Law Firm P.S.</span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)">main line 206 367 5000<br><br><br>fax line    206 367 4005<br><br><br><a href="mailto:katel@law-hawks.com" rel="noopener noreferrer" style="margin:0px" target="_blank"><span style="margin:0px">katel@law-hawks.com</span></a></span></p><a href="https://www.google.com/maps/search/19944+Ballinger+Way+NE+Ste+%23100+%0D%0A+%0D%0A+Shoreline,+WA+98155?entry=gmail&source=g"><br><br></a><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><a href="https://www.google.com/maps/search/19944+Ballinger+Way+NE+Ste+%23100+%0D%0A+%0D%0A+Shoreline,+WA+98155?entry=gmail&source=g"><br><br></a><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)"><a href="http://www.hawkeslawcenter.com/" rel="noopener noreferrer" style="margin:0px" target="_blank"><span style="margin:0px">www.hawkeslawcenter.com</span></a></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)"> </span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)"><a href="https://www.google.com/maps/search/19944+Ballinger+Way+NE+Ste+%23100+%0D%0A+%0D%0A+Shoreline,+WA+98155?entry=gmail&source=g">19944 Ballinger Way NE Ste #100</a></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;font-family:Arial,sans-serif;color:rgb(30,10,86)"><a href="https://www.google.com/maps/search/19944+Ballinger+Way+NE+Ste+%23100+%0D%0A+%0D%0A+Shoreline,+WA+98155?entry=gmail&source=g">Shoreline, WA 98155</a></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><span style="margin:0px;font-size:10pt;color:black"> </span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br><i><span style="margin:0px;font-size:9pt;color:black">NOTICE:  The information contained in this email may be confidential and/or legally privileged.  It has been sent for the sole use of the intended recipient(s).  If the reader of this message is not an<br><br> intended recipient, you are hereby notified that any unauthorized review, use, disclosure, dissemination, distribution or copying of this communication, or any of its contents, is strictly prohibited.  If you have received this communication in error, please<br><br> contact the sender by reply email and destroy all copies of the original message.</span></i><span style="margin:0px;color:black"></span></p><br><br><p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri,sans-serif;color:rgb(32,31,30);text-align:start;background-color:rgb(255,255,255)"><br><br> </p><br><br><br><br><br></div><br><br></div><br><br></div><br><br></div><br><br><div><br><br><div id="m_-3368580336566748633appendonsend"></div><br><br><div style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br><br><br><br><br></div><br><br><hr style="display:inline-block;width:98%"><br><br><div id="m_-3368580336566748633divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" color="#000000" style="font-size:11pt"><b>From:</b> <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 <a href="mailto:rob@hctc.com" target="_blank">rob@hctc.com</a> <<a href="mailto:rob@hctc.com" target="_blank">rob@hctc.com</a>><br><br><br><b>Sent:</b> Wednesday, September 23, 2020 10:26 AM<br><br><br><b>To:</b> 'WSBA Real Property Listserv' <<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a>>; <a href="mailto:cole-gilday@stanwoodlaw.net" target="_blank">cole-gilday@stanwoodlaw.net</a> <<a href="mailto:cole-gilday@stanwoodlaw.net" target="_blank">cole-gilday@stanwoodlaw.net</a>><br><br><br><b>Subject:</b> Re: [WSBARP] foreclosure vs deed in lieu</font><br><br><div> </div><br><br></div><br><br><div lang="EN-US"><br><br><div><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">Rick is of course right as always, but my experiences – including successful litigation with this as the centerpiece with a six figure result – is that most of the larger banks (usually through their<br><br></span><span style="font-size:14pt;background-color:rgb(255,255,0)">undereducated and undertrained and undersupervised staff)</span><span style="font-size:14.0pt"> often just don’t have any idea what they are doing. They have certain boxes, and if something<br><br> doesn’t fit in a box, then they just can’t deal with it. A retiring Wells Fargo regional administrator who was responsible for these things explained this to me when I was really frustrated about a different case. Smaller banks, like the one Rick was a director<br><br> for, pay attention. Larger banks, not so much. </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">Rick’s bank used a sharp carving knife. Big banks use a dull chainsaw for the same cuts.<br><br></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">Recall all of the times in the fairly recent past when a very large bank has been fined a huge amount of money for greed and incompetence.  </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">Sure, they can say they are worried about all sorts of things, but a title guaranty belies those worries. Try offering them an indemnification – they usually won’t even accept that.  My view is unfortunately cynical, but based<br><br> on much experience. How can they not make money, especially in today’s markets, on deeds in lieu, if they are reasonably careful, as a general policy, over foreclosures often delayed by years by their own inefficiencies?</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">I think I should retire.</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt">Rob </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><div><a href="https://www.google.com/maps/search/236+West+Birch+Street+%0D%0A+%0D%0A+Shelton,+WA+98584?entry=gmail&source=g"><br><br></a><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><a href="https://www.google.com/maps/search/236+West+Birch+Street+%0D%0A+%0D%0A+Shelton,+WA+98584?entry=gmail&source=g"><br><br></a><span style="font-size:14.0pt">Robert D. Wilson-Hoss</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt">Hoss & Wilson-Hoss, LLP</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt"><a href="https://www.google.com/maps/search/236+West+Birch+Street+%0D%0A+%0D%0A+Shelton,+WA+98584?entry=gmail&source=g">236 West Birch Street</a></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt"><a href="https://www.google.com/maps/search/236+West+Birch+Street+%0D%0A+%0D%0A+Shelton,+WA+98584?entry=gmail&source=g">Shelton, WA 98584</a></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt">360 426-2999</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt"><a href="http://www.hossandwilson-hoss.com" target="_blank">www.hossandwilson-hoss.com</a></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt"><a href="mailto:rob@hctc.com" target="_blank">rob@hctc.com</a></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><span style="font-size:14.0pt">This message is intended solely for the use of the addressee and may contain information that is privileged, confidential, and exempt from disclosure under applicable law.  If you are not the addressee, you are hereby<br><br> notified that any use, distribution, or copying of this message is strictly prohibited.  If you received this message in error, please notify us by reply e-mail or by telephone (call us collect at the number listed above) and immediately delete this message<br><br> and any and all of its attachments.  Thank you.</span></p><br><br></div><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="font-size:14.0pt"> </span></p><br><br><div><br><br><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in"><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-numeric ideograph-other"><br><br><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <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>><br><br><b>On Behalf Of </b>Rick Hoss<br><br><br><b>Sent:</b> Wednesday, September 23, 2020 9:15 AM<br><br><br><b>To:</b> <a href="mailto:cole-gilday@stanwoodlaw.net" target="_blank">cole-gilday@stanwoodlaw.net</a>; 'WSBA Real Property Listserv' <<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a>><br><br><br><b>Subject:</b> Re: [WSBARP] foreclosure vs deed in lieu</span></p><br><br></div><br><br></div><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-other"><br><br><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Lenders make foreclosure decisions for many reasons.  Each bank carefully monitors and categorizes non-performing loans, defaulted loans, loans in foreclosure and other real estate owned. <br><br> The number of loans in each of these 4 category is measured every month. Sometimes decisions are made based on timing, and you can get a different answer before or after the next regulatory exam or accounting period.</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-other"><br><br><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">What if the bank holds too much foreclosed property  (they call other real estate owned) and they have an exam or audit next month?  Sometimes banks prefer a trustee sale or sheriff sale<br><br> if they think a cash buyer is likely. What if the bank needs to realize, or defer, the loss for accounting purposes? What if the decision maker like a bank branch manager gets a bonus if the branch other real estate owned drops to a certain level? Sometimes<br><br> servicers spend their foreclosure budget before year end. Some banks don't realize they can take a non-merger deed in lieu and reserve the right to foreclose any later discovered liens not disclosed in the trustee sale or litigation guaranty title reports.<br><br> Sometimes banks listen to lawyers who have limited experience.</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-other"><br><br><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">If a lender does take a deed in lieu they require a written agreement - you may get a different answer by proposing a lender friendly agreement with the PR listing the facts in a signed<br><br> Declaration. From an old bank director and lawyer.</span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="color:#1f497d"> </span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><span style="color:#1f497d"> </span></p><br><br><div><br><br><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in"><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;text-autospace:ideograph-other"><br><br><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><br><br><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>><br><br><b>On Behalf Of </b>Robert R. Cole<br><br><br><b>Sent:</b> Tuesday, September 22, 2020 5:31 PM<br><br><br><b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a>><br><br><br><b>Subject:</b> [WSBARP] foreclosure vs deed in lieu</span></p><br><br></div><br><br></div><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br><p>Can someone tell me why Lenders don't take a deed in lieu, especially after Borrower's death, even when there is no other loan, and a PR willing to give it, and no Medicaid to be reimbursed?  It has happened to me numerous times.  Is it due to insurance<br><br> issues or other back office matters???  What are they afraid of?</p><br><br><div><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt;text-autospace:ideograph-other"><br><br>-- <span style="font-size:11.0pt;font-family:"Calibri",sans-serif"></span></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>Very Truly Yours,</p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>Robert R. Cole</p><a href="https://www.google.com/maps/search/10101+-+270th+St.+NW++%0D%0A+%0D%0AStanwood,+WA+98292?entry=gmail&source=g"><br><br></a><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>Law Office of Cole & Gilday, P.C. </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br><a href="https://www.google.com/maps/search/10101+-+270th+St.+NW++%0D%0A+%0D%0AStanwood,+WA+98292?entry=gmail&source=g">10101 - 270th St. NW </a></p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><a href="https://www.google.com/maps/search/10101+-+270th+St.+NW++%0D%0A+%0D%0AStanwood,+WA+98292?entry=gmail&source=g"><br><br>Stanwood, WA 98292</a> </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>(360) 629-2900 (Telephone) </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>(360) 629-0220 (Fax) </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br>This message contains confidential and privileged information that is intended only for the named recipient(s).  Unless you are the named recipient or authorized agent thereof, you are prohibited from reading, copying, distributing or otherwise disseminating<br><br> such information.  If you receive this communication in error, please notify the sender immediately.</p><br><br><p style="margin:0in;font-size:12pt;font-family:"Times New Roman",serif"><br><br> </p><br><br></div><br><br></div><br><br></div><br><br></div><br><br></div><br><br><br><br>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br><br><br><br>_______________________________________________<br><br>WSBARP mailing list<br><br><a href="mailto:WSBARP@lists.wsbarppt.com" target="_blank">WSBARP@lists.wsbarppt.com</a><br><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></blockquote></div></div>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div><div><div><div>James R. Doran<br></div>Attorney at Law<br></div>100 E. Pine Street -  Suite 205<br></div>Bellingham, WA 98225<br>(360)393-9506<br></div><a href="mailto:jim@doranlegal.com" target="_blank">jim@doranlegal.com</a><br></div><a href="http://www.doranlegal.com" target="_blank">www.doranlegal.com</a><br></div></div>