[WSBAPT] Help.

[Liv Wernecke]

WAC 458-61A 102(16)(d)(iii)  and (e)(iii) and 458-61A-303 (3) (d). The latter states no affidavit is required for a reconveyance of a DOT.


Livingston (Liv) Wernecke
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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Douglas Bratt
Sent: Wednesday, July 01, 2015 6:57 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Help.

Listmates:

Please help an older practitioner, with a four digit bar number, who really should not still be slaving away in the office close to 7:00 PM (so sayeth his spouse).

We all know that when a debt is paid off, recording a Full Reconveyance (Deed) is not subject to Real Estate Excise Tax, just as a Satisfaction of Mortgage is not subject to REET.

I have known that for years, but cannot put my hands, or eyes, on the WAC that provides an exemption from REET in this sort of case.

Is there a specific WAC that says that no REET Affidavit is needed when, essentially, wiping out the security interest?  If a REET Affidavit is still required, what is the WAC that provides for the exemption?

I won't wait till I get an answer, since most of you are wise enough to have gone home prior to this hour.

Thanks for your attention to my temporary lapse of knowledge, otherwise known, in some circles as a brain f- - -

Best Regards,

Doug Bratt


Douglas J. Bratt
Lawyer

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