Douglas N. Owens P.S.


Attorney At Law -  Your Legal Resource
206-985-6679
 dougowens@seattlerelawyer.com
 1610 Commercial Ave., Suite 207
Anacortes, WA 98221

My Blog Page

Douglas Owens Attorney Seattle

Douglas N. Owens

1971 Graduate of University of Michigan Law School, twelve years service as Assistant Attorney General, thirty-one years private practice

 

 

STALE PROMISSORY NOTES: SOMETIMES THEY CAN PRODUCE A WINDFALL FOR THE ALERT INVESTOR

  •  2/1/2017 12:00:00 AM
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We all are aware of the turmoil in the financial industry through which our country has lived over the past eight or so years. Banks and other lenders have gone out of business, been taken over by other entities and vast numbers of loan documents have been shifted around. In addition borrowers have experienced great financial distress sometimes resulting in defaults on their loans. And private lenders have been active in financing deals, especially to borrowers who purchase the lenders’ own prop...
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SEATTLE’S JUST CAUSE EVICTION ORDINANCE: A FORCE TO BE RECKONED WITH BY LANDLORDS

  •  2/1/2017 12:00:00 AM
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If you are a long term hold investor who owns rental property in the City of Seattle, you may come into situations that are affected by Seattle’s Just Cause Eviction Ordinance. Two recent court cases discuss this law and this month’s column will consider the Supreme Court’s decision. Next month I will cover the Court of Appeals case which involved different parties. Seattle landlords are subject both to the state Residential Landlord Tenant Act and to the Seattle Just Cause Eviction ordinance....
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Deficiency Judgments

  •  3/4/2015 12:00:00 AM
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DEFICIENCY JUDGMENTS AND COMMERCIAL LOAN GUARANTEES: AN AREA OF RISK FOR REAL ESTATE INVESTORS By Doug Owens             People sometimes ask me about the extent of the protection a limited liability company gives to the investor against claims that seek money from the investor’s other assets.  I always answer that “it depends.”              One of the things that the effectiveness of the limit to the investor’s individual liability can depend on is whether the creditor involved has anothe...
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IS DAMAGE HISTORY COMPENSABLE UNDER YOUR AUTO INSURANCE POLICY?

  •  5/14/2013 12:00:00 AM
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A recent Supreme Court decision has taken up the question whether in addition to replacing damaged parts on a car after an accident, an insurance company has the obligation to pay for the loss in the car’s value simply from having been damaged in an accident.  This case, a class action involving State Farm, involves interpretation only of that company’s policies and therefore may not apply to policies of other insurance companies.             The case is interesting because it explores the nat...
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WHO CARES ABOUT THE STATUTE OF FRAUDS?

  •  5/6/2013 12:00:00 AM
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A concept that investors rarely discuss is the Statute of Frauds.  What is the Statute of Frauds, and how could it affect my deal?  The Statute of Frauds is legislation, and it comes from early English law.  The statute was created in the seventeenth century, when real estate transactions were relatively infrequent and many people could not read or write.  The purpose of the statute was “the Prevention of Frauds and Prejudices,” and this meant that people should be required to have written proof...
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INVESTING IN JUNIOR NOTES? THIS CASE MAY INTEREST YOU

  •  4/29/2013 12:00:00 AM
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There are many types of investors.  There are several varieties of investments that are presented by some as ways to make profits.  One of these investments is the purchasing of promissory notes secured by deeds of trust on real estate.  Usually the note purchaser acquires the note at a discount from the face amount of the note, thereby “locking in” a profit should the note be held to maturity or later resold.  The benefits of such notes as investments are stated to be that they provide regular ...
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