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Randy: if your client is the property owner and still pays on a first Deed of trust, he never “lost” the property to the FDIC. He is still in full possession and ownership. Whatever Interest the FDIC has is subject to your client’s senior interest, and that
of the 1st position lender. -Greg<br>
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<blockquote type="cite">On Apr 2, 2021, at 10:19 AM, Randy Boyer <randyedlynlaw@gmail.com> wrote:<br>
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<div class="">Thank you for you input. In this case FDIC foreclosed on a second deed of trust over ten years ago. They never took possession of the property and I believe they forgot they have title. My client continue to use the property, paying the first
deed of trust and taxes for the past 10 years. A year after the foreclosure deed FDIC sold the note that secured the debt to a Limited Partnership (I do not have a copy of that Sale Agreement). I cannot determine if FDIC intended the assign the foreclosed
property to them. The LP reached settlement with my client on the outstanding note.</div>
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<div class="">Sounds like most of you feel adverse possession cannot be asserted against FDIC. But they are a receiver for the insolvent bank and do not hod on to real property as far as I know.</div>
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<div class="">Randy<br class="">
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<b style="font-family: Calibri, sans-serif; font-size: 11pt; " class=""><u class=""><span style="font-family: Corbel, sans-serif; color: rgb(0, 75, 133); " class="">Randy M. Boyer ______</span></u></b><span style="font-family: Corbel, sans-serif; font-size: 11pt; color: rgb(31, 73, 125); " class=""><br class="">
</span><span style="font-family: Corbel, sans-serif; font-size: 11pt; color: rgb(51, 51, 51); " class="">Attorney, </span><font face="Cambria" class=""><span style="font-size: 14px; " class="">WSBA# 8665</span></font></div>
<div style="margin: 0in 0in 0.0001pt; " class=""><span style="font-family: Corbel, sans-serif; color: rgb(51, 51, 51); font-size: 11pt; " class=""></span><span style="color: rgb(51, 51, 51); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class="">Law
Office of Randy M. Boyer, Inc. P.S. </span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""><br class="">
</span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class="">7017
196th St. S.W. Lynnwood, Washington 98036<br class="">
</span><span style="color: rgb(153, 153, 153); font-family: Wingdings; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class="">(</span><span style="color: rgb(153, 153, 153); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""> </span><b style="color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""><span style="font-family: Corbel, sans-serif; color: rgb(31, 73, 125); " class="">425.712.3107</span></b><span style="color: rgb(161, 120, 77); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class="">| </span><span style="color: rgb(31, 73, 125); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""> </span><span style="color: rgb(31, 73, 125); font-family: Calibri, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""> </span><span style="color: rgb(31, 73, 125); font-family: 'Times New Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class=""><font class="Apple-style-span" face="Calibri">Fax </font></span><span style="color: rgb(31, 73, 125); font-family: Corbel, sans-serif; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; " class="">425.778.2274<br class="">
</span><font face="Calibri" class=""><span style="font-size: 14px; " class="">mail to:<u class=""><span class="Apple-converted-space"> </span></u><a href="mailto:randyedlynlaw@gmail.com" class="">randyedlynlaw@gmail.com</a></span></font></div>
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