[WSBAPT] Old deed of trust paid off - No reconveyance - RCW 61.24.110

[Jeff Davis]

I have one client with two old deeds of trust that were paid off years ago.  Beneficiaries are dead.  Title company will not insure around the DOT’s  even though the  statute of limitations to enforce either the notes or foreclose the deeds of trust has long past.  Unless we can find the heirs of the beneficiaries to sign off the title company wants the client to open probates for the beneficiaries.

 

Jeff Davis.

 

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of julie at dimensionlaw.com
Sent: Tuesday, January 12, 2016 10:17 AM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] Old deed of trust paid off - No reconveyance - RCW 61.24.110

 

I have a similar situation, please reply to the list! Thanks 


On Jan 12, 2016, at 10:06 AM, Neli Espe, J.D. - Olympic Legal <neli at olympiclegal.com> wrote:

Dear Listmates,

 

PC’s mortgage was paid off three decades ago. Apparently, no reconveyance was recorded. The financial institution might be out of business. PC now wants to sell property, but must deal with the cloud on title. 

 

Has anyone used successfully the 2013 law - RCW 61.24.110 - aimed at helping property owners in situations like these? Any pointers will be appreciated.

 

Best regards,

 

Neli

 

__________________________________________________________________________

Neli Espe| Olympic Legal Services, P.S. | Your Skagit Valley Business and Estate Counsel 

General Counsel * Real Property * Estate Planning * Probate

tel: 360.630.3635 | web: www.olympiclegal.com | neli at olympiclegal.com

 

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