[WSBAPT] Real Estate Contract - Recording - REET - Skagit County

[Craig Gourley]

The REET is due on recording of the contract.  No deed is required now and no deed should be recorded as it defeats the security purpose of the contract. Treasurer needs to stop giving legal advice.  Especially when it is wrong.  I have threatened (in writing) to sue the Snohomish County Treasurer more than once for their unauthorized practice of law for refusing to record unless we change excise tax affidavits to clearly erroneous WAC codes and changing the content of excise tax affidavits over my client's signature.  The Treasurer's offices seem to have taken on a new role in the last few years.

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Neli Espe, J.D. - Olympic Legal
Sent: Monday, April 10, 2017 4:04 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Real Estate Contract - Recording - REET - Skagit County

Dear List-mates,

PNC, seller in a real estate contract, wants to record the contract and pay the REET, but county treasurer tells her she needs to record a QCD or SWD as well.

PNC is adamant that she will only do fulfillment deed when she gets all the payments on the contract.

My understanding is that REET is triggered on the signing of the contract, but could the real estate contract be recorded without the QCD or SWD?

Thanks for your help,

Neli

________________________________

Neli Espe, J.D.  |  Olympic Legal
2114 Commercial Ave., Anacortes, WA 98221
360.630.3635

Business | Real Estate | Estate Planning

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