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<p class="MsoNormal">Was just looking into this on a case and as far as I could tell, it is not protected. Love to know if that is wrong though!
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<p class="MsoNormal">Of course, whether a bank has any interest in enforcing such a clause is another question. It might be amenable to transferring the mortgage as long as everyone is solvent.<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:9.0pt;line-height:normal"><span style="font-family:"Univers",sans-serif;color:#1F4E79">Sarah Jael Dion<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:9.0pt;line-height:normal"><span style="font-size:8.0pt;font-family:"Univers",sans-serif;color:#1F4E79">ATTORNEY<o:p></o:p></span></p>
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<span style="font-size:8.0pt;font-family:"Univers",sans-serif;color:#4F81BD">TRUST AND ESTATE PRACTICE<o:p></o:p></span></p>
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<span style="font-size:8.0pt;font-family:"Univers",sans-serif;font-variant:small-caps;color:#4F81BD">Estate Planning | Probate
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<p class="MsoNormal" style="margin-bottom:3.0pt;line-height:normal"><span style="font-size:8.0pt;font-family:"Univers",sans-serif;color:#7F7F7F">PHONE 206.623.6501 | FAX 206.447.1973
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<p class="MsoNormal" style="margin-bottom:3.0pt;line-height:normal"><span style="font-size:8.0pt;color:#4F81BD"><a href="mailto:sdion@skellengerbender.com%7C">sdion@skellengerbender.com|</a></span><u><span style="font-size:8.0pt;color:#44546A"><a href="http://www.skellengerbender.com/"><span style="color:#44546A">www.skellengerbender.com</span></a></span></u><u><span style="font-size:8.0pt;font-family:"Univers",sans-serif;color:#4F81BD"><o:p></o:p></span></u></p>
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<b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>John Creahan<br>
<b>Sent:</b> Wednesday, September 2, 2020 2:36 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Garn-St Germaine question<o:p></o:p></p>
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CAUTION: This email was sent from an external sender. <o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Hi,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">A client owns a house (with a mortgage). Two siblings live with her and she wants them to have the option to remain in the house after her death.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Garn-St. Germaine prohibits a bank from enforcing a due-on-sale clause in a mortgage if the property is transferred “to a relative resulting from the death of a borrower.”
Does anyone know if the transfer to a testamentary trust for a relative’s benefit would also be protected?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Thanks,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">John<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<span style="font-size:14.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959">John Creahan</span><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959"><br>
206-578-5877<br>
</span><a href="http://www.cairn-law.com/"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959">www.cairn-law.com</span></a><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#4F6228"><o:p></o:p></span></p>
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<span style="font-family:"Tw Cen MT",sans-serif;color:#595959">Fremont office:<o:p></o:p></span></p>
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<span style="font-family:"Tw Cen MT",sans-serif;color:#595959">3417 Evanston Ave. N, Suite 312<br>
Seattle, WA 98103<br>
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