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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Interesting approach, but doesn’t the merger doctrine merge the deed of trust into the deed in lieu of foreclosure?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">--Rob<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<b>Robert M. Bartlett, Esq.</b><br>
<b>Cook & Bartlett, PLLC</b><br>
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<b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;position:relative;top:0pt;mso-text-raise:0pt">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;position:relative;top:0pt;mso-text-raise:0pt"> wsbarp-bounces@lists.wsbarppt.com
<wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Robert R. Cole<br>
<b>Sent:</b> Friday, February 19, 2021 4:33 PM<br>
<b>To:</b> Rob Spitzer <robert.spitzer@foster.com>; WSBA Probate & Trust Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Deed of Trust deed in lieu<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>Thanks Rob -- that makes sense.<span style="font-size:11.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Very Truly Yours,<o:p></o:p></p>
<p class="MsoNormal">Robert R. Cole<o:p></o:p></p>
<p class="MsoNormal">Law Office of Cole & Gilday, P.C. <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">10101 - 270th St. NW <o:p></o:p></p>
<p class="MsoNormal">Stanwood, WA 98292 <o:p></o:p></p>
<p class="MsoNormal">(360) 629-2900 (Telephone) <o:p></o:p></p>
<p class="MsoNormal">(360) 629-0220 (Fax) <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
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disseminating such information. If you receive this communication in error, please notify the sender immediately.<o:p></o:p></p>
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<p class="MsoNormal" style="punctuation-wrap:hanging;text-autospace:ideograph-numeric ideograph-other">
<span style="font-size:11.0pt;font-family:"Calibri",sans-serif;position:relative;top:0pt;mso-text-raise:0pt">On 2/19/2021 4:11 PM, Rob Spitzer wrote:<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061">Hi Bob,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061">In the Deed in Lieu of Foreclosure, you can convey all rights to the fee of the property in consideration for an agreement not to pursue personal liability on
the note secured, and expressly state that the deed of trust is not being reconveyed and the promissory note is not being cancelled. After filing the Deed in Lieu, you can subsequently foreclose the Deed of Trust. If you need to clear title quickly, contact
the junior lienholders and ask if they want a small payment in exchange for the reconveyance of their deeds of trust, to avoid the time and expense of a foreclosure. If there are a lot of junior liens or can’t negotiate reasonably priced reconveyances, you
then need to foreclose to clear title.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061">Rob</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061"> </span><o:p></o:p></p>
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<span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#244061;position:relative;top:0pt;mso-text-raise:0pt"> </span><o:p></o:p></p>
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<b><span style="font-size:11.0pt;font-family:"Georgia",serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt">Rob</span></b><b><span style="font-size:13.5pt;font-family:"Georgia",serif;color:#484848;position:relative;top:0pt;mso-text-raise:0pt"> </span></b><b><span style="font-size:11.0pt;font-family:"Georgia",serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt">Spitzer</span></b><span style="font-size:13.5pt;font-family:"Verdana",sans-serif;color:#484848;position:relative;top:0pt;mso-text-raise:0pt"><br>
</span><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#FF8200;position:relative;top:0pt;mso-text-raise:0pt">Lawyer</span></b><span style="font-size:11.0pt;font-family:"Verdana",sans-serif;color:#484848;position:relative;top:0pt;mso-text-raise:0pt"><br>
</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt"><br>
</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt">Foster Garvey PC<br>
</span><i><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#407EC9;position:relative;top:0pt;mso-text-raise:0pt">Tel:</span></i><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#484848;position:relative;top:0pt;mso-text-raise:0pt">
</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt">206.816.1316</span><span style="font-size:6.0pt;font-family:"Arial",sans-serif;color:#484848;position:relative;top:0pt;mso-text-raise:0pt"><br>
</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#042142;position:relative;top:0pt;mso-text-raise:0pt"><a href="mailto:rob.spitzer@foster.com">rob.spitzer@foster.com</a></span><o:p></o:p></p>
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<b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;position:relative;top:0pt;mso-text-raise:0pt">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;position:relative;top:0pt;mso-text-raise:0pt">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Robert R. Cole<br>
<b>Sent:</b> Friday, February 19, 2021 12:13 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <a href="mailto:wsbarp@lists.wsbarppt.com">
<wsbarp@lists.wsbarppt.com></a><br>
<b>Subject:</b> [WSBARP] Deed of Trust deed in lieu</span><o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
<p>If a noteholder takes a deed in lieu, is there a mechanism to get rid of underlying subordinate liens???<o:p></o:p></p>
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-- <br>
<br>
<br>
<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Very Truly Yours,<o:p></o:p></p>
<p class="MsoNormal">Robert R. Cole<o:p></o:p></p>
<p class="MsoNormal">Law Office of Cole & Gilday, P.C. <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">10101 - 270th St. NW <o:p></o:p></p>
<p class="MsoNormal">Stanwood, WA 98292 <o:p></o:p></p>
<p class="MsoNormal">(360) 629-2900 (Telephone) <o:p></o:p></p>
<p class="MsoNormal">(360) 629-0220 (Fax) <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">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 such information. If you receive this communication in error, please notify the sender immediately.<o:p></o:p></p>
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