Recent News

Reconveying Real Estate under a Deed of Trust in Washington State.

The Lawyers at Beresford Booth | 1/17/2013
When an obligation to pay money or perform some other obligation is secured by a deed of trust and that obligation has been satisfied, the owner of the real estate affected by the deed of trust is entitled to have the lien of the deed of trust removed from the records. Sometimes the lien is… Read More

Foreclosures-by-Lawsuit Likely to Increase Following New Supreme Court Decision

BeresfordBooth | 8/27/2012
  Residential foreclosures in Washington probably just became more difficult and expensive for lenders. In a usual foreclosure, when the borrower stops paying the mortgage, the lender directs a third-party “trustee” of the deed-of-trust (mortgage) to go through the foreclosure process.  This process rarely involves the courts.  Instead, there is a “non-judicial” process under Washington… Read More

Windfalls Ahead for Condo Associations?

BeresfordBooth | 3/20/2012
In the recent case Summerhill Vill. Homeowners Ass'n v. Roughley, the Washington Court of Appeals decided the foreclosure redemption statute does not allow a first position lender to redeem following a judicial foreclosure by a condominium association.  This means the following easily-envisioned scenario is possible: Person P buys a condo for $250,000, owns it for… Read More

Minority Interest in a Small or Closely Held Business is Worthless

BeresfordBooth | 3/1/2012
I regularly represent small business owners that share ownership interest with a small group of owners. What many of those business owners fail to recognize is that they need the cooperation of the other owners and cannot act unilaterally. When you are a minority owner in a small business you lack any authority to manage… Read More

I Promised What? Sellers of Real Estate, Beware! (Buyers too)

BeresfordBooth | 11/14/2011
Sellers of real property sign a Statutory Warranty Deed (“SWD”) at the closing of the vast majority of residential real estate transactions.  This is the document that actually transfers title from seller to buyer.  If you sell a piece of real estate and give your buyer a SWD, you are promising a lot more than… Read More

There is No Expectation of Privacy on Workplace E-mails or Instant Messages

BeresfordBooth | 11/14/2011
A common misconception by employees is that there is an expectation of some level of privacy in e-mail or instant message communications on workplace systems.  The truth is exactly the opposite.  As a general matter, employees have no expectation of privacy in e-mails or instant messages sent through workplace systems.  Most employers have policies expressly… Read More

5 Steps To Avoid Business Divorce

BeresfordBooth | 10/31/2011
A common failure of many businesses is the “business divorce”. When shareholders, partners or members can no longer get along, the business fails. In an effort to avoid a “business divorce” five steps should be followed: 1) establish the expectations of the parties; 2) measure performance; 3) identify the consequences of failure; 4) establish dispute… Read More

LLCs Must Be Represented By A Lawyer In Court

BeresfordBooth | 10/31/2011
In two recent Court of Appeals decisions, two different courts have ruled that limited liability companies in Washington must be represented by an attorney. In the both the Marina Condo Association and Dutch Village Mall LLC cases Washington’s Courts of Appeal have ruled that an LLC must be represented by a lawyer in litigation and… Read More

Conduct Your Annual Shareholder Meeting

BeresfordBooth | 10/31/2011
Small and closely held corporations routinely neglect to maintain corporate formalities such as conducting an annual shareholder meeting. An annual shareholder meeting is required by the Washington Business Corporation Act. Many times annual meetings are not held simply because the owners of the business lack the experience necessary to conduct a satisfactory shareholder meeting. Many… Read More