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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>The difference between the two, based on how you foreclose, you can’t get a deficiency judgment using the non-judicial foreclosure process. You also have redemption rights to worry about with a mortgage foreclosure; not sure how those apply in a non-judicial process.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Jeff<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><b><span style='font-family:"Tahoma",sans-serif;mso-ligatures:none'>W. Jeff Davis<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'>BELL & DAVIS PLLC<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'>Attorneys at Law</span></b><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'><br>P.O. Box 510<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'>720 E. Washington Street, Suite 105<br>Sequim WA 98382<br>Phone: (360) 683.1129 <br>Fax: (360) 683.1258 <br>email: </span><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;mso-ligatures:none'><a href="mailto:jeff@bellanddavispllc.com">jeff@bellanddavispllc.com</a><span style='color:black'><br></span></span><span style='mso-ligatures:none'><a href="http://www.bellanddavispllc.com/" target="_blank"><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:blue'>www.bellanddavispllc.com</span></a></span><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'><br> <br>The information contained in this e-mail message may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any dissemination, distribution, or copying is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at </span><span style='mso-ligatures:none'><a href="mailto:info@bellanddavispllc.com"><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:blue'>info@bellanddavispllc.com</span></a></span><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black;mso-ligatures:none'> or call 360.683.1129.</span><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><b><span style='mso-ligatures:none'><o:p> </o:p></span></b></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='mso-ligatures:none'>From:</span></b><span style='mso-ligatures:none'> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Nestor Gorfinkel<br><b>Sent:</b> Wednesday, November 8, 2023 8:10 AM<br><b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br><b>Subject:</b> [WSBARP] Mortgage vs Deed of Trust<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>PC wants to deed property to son and take back a mortgage. Other than the judicial vs non-judicial and the time period to foreclose (as well as appointing a trustee) any other significant differences between deed of trust and mortgage?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div id=divtagdefaultwrapper><div><div><div id=divtagdefaultwrapper><div><p class=MsoNormal style='background:white'><b><span style='color:black;mso-ligatures:none'>Nestor B. Gorfinkel</span></b><span style='color:black;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><b><span style='color:black;mso-ligatures:none'>Gorfinkel Law Chartered</span></b><span style='color:black;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><b><span style='color:black;mso-ligatures:none'>Attorney at Law & Florida Civil-Law Notary</span></b><span style='color:black;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><b><span style='color:black;mso-ligatures:none'>Admitted to Practice Law in Florida and Washington</span></b><span style='color:black;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'><o:p> </o:p></span></b></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'>19790 W. Dixie Highway Suite 1101<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'>Miami, FL 33180<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'>Tel. (305) 932-5757 (FL)<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'>Tel. (425 961-0519 (WA)<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='color:#385623;mso-ligatures:none'>Fax (786) 980-4846<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='color:black;mso-ligatures:none'><a href="mailto:ESQ@gorfinkel-law.com"><span style='color:blue'>nestor@glclawyer.com</span></a><o:p></o:p></span></b></p><p class=MsoNormal><span style='color:black;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-ligatures:none'><img border=0 width=167 height=95 style='width:1.7395in;height:.9895in' id="Picture_x0020_1" src="cid:image001.jpg@01DA1221.B670AFB0"></span><span style='mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><span style='color:black;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;color:black;mso-ligatures:none'>ATTENTION - </span></b><b><span style='font-size:10.0pt;mso-ligatures:none'>This e-mail message and any attachment to this e-mail message may contain confidential information that is legally privileged. 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