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<p>For those of you working on Saturday...</p>
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<p>I have a client that would like to quit claim his house to his church (non profit corp) and himself as joint tenants with right of survivorship. The house has an existing deed of trust, and the church holds a subordinated second deed of trust for some improvements
the church has made to the house (the client has donated the use of the house for holding church services).</p>
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<p>I understand that Garn St. Germaine protects transfers upon the death of a joint tenant from triggering due on sale clauses, but my concern is the front end of the transaction -- where the client creates the joint interest in the first place.</p>
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<p>In reviewing the language prohibiting transfers of interest by the borrower on the underlying deed of trust, it appears to prohibit any transfer "the intent of which is the transfer of title by Borrower at a future date to a purchaser." I'm not sure that
would apply in this instance, although the church has been making payments on the house for some time, and would continue to do so in the event of the death of my client.</p>
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<p>Any thoughts?</p>
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<p>Thank you in advance....</p>
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<p>Jeff Winter</p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:12.0pt;
font-family:"Garamond","serif";color:#0070C0">Jeffrey D. Winter</span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Garamond","serif";
color:#0070C0">Law Office of Jeffrey D. Winter, P.S.<br>
</span></b><span style="font-size:12.0pt;font-family:"Garamond","serif";
color:#0070C0">604 North Main Street</span><span style="font-size:10.0pt;
font-family:"Garamond","serif";color:#0070C0"><br>
</span><span style="font-size:12.0pt;font-family:"Garamond","serif";color:#0070C0">Ellensburg, WA 98926</span><span style="font-size:10.0pt;font-family:"Garamond","serif";
color:#0070C0"><br>
</span><span style="font-size:12.0pt;font-family:"Garamond","serif";color:#0070C0">(509) 925-9600 tel.</span><span style="font-size:10.0pt;font-family:"Garamond","serif";
color:#0070C0"><br>
</span><span style="font-size:12.0pt;font-family:"Garamond","serif";color:#0070C0">(509) 925-9606 fax</span></p>
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