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<p class="MsoNormal"><span style="font-size:16.0pt">I would require it be transferred exactly as it was given. I would definitely not accept a Quit Claim if given by Stat Warr as noted. I would insist on receiving the deed prior to listing it (which you likely
already thought of).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt">There will be some debt forgiveness issues for the defunct buyer, your client will have a new basis for the current sale likely because the decedent didn’t own the land at death and the estate may have some
tax related issues for prior sale – I know you didn’t ask tax questions but I wanted to note that just in case
</span><span style="font-size:16.0pt;font-family:"Segoe UI Emoji",sans-serif">😉</span><span style="font-size:16.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt">Best of luck.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold"">Diane J. Kiepe<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold""><o:p> </o:p></span></i></p>
<p class="MsoNormal">Diane J. Kiepe<o:p></o:p></p>
<p class="MsoNormal">Douglas Eden<o:p></o:p></p>
<p class="MsoNormal">717 W. Sprague Ave.<o:p></o:p></p>
<p class="MsoNormal">Suite 1500<o:p></o:p></p>
<p class="MsoNormal">Spokane, WA 99201<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:djkiepe@depdslaw.com"><span style="color:#0563C1">djkiepe@depdslaw.com</span></a><o:p></o:p></p>
<p class="MsoNormal">509-455-5300<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Jenna Brozik<br>
<b>Sent:</b> Wednesday, November 4, 2020 2:46 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] deed question<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Hello listmates, <o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I am working on a probate in which the deceased owns property that has an owner contract and the buyer was paying a certain amount per month through Escrow.
<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">The buyer has defaulted and not paid for the last two months. The PRs agreed to sell the property and not go through the default process so long as the buyer deeds the property to the PRs to sell.
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Should this be a quitclaim deed or a warranty deed? And what tax exemption would apply?<o:p></o:p></p>
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<p class="MsoNormal">Right now the buyer has ownership of the property by a statutory warranty deed.
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Thanks in advance!<br clear="all">
<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Jenna Brozik</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-family:"Trebuchet MS",sans-serif">Attorney at Law</span><o:p></o:p></p>
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<p class="MsoNormal">Prinz & Brozik PLLC<o:p></o:p></p>
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<p class="MsoNormal">445 S Grand Ave<o:p></o:p></p>
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<p class="MsoNormal">Pullman, WA 99163<o:p></o:p></p>
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<p class="MsoNormal">(509)338-0908 / (509) 338-3527 (fax)<o:p></o:p></p>
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<p class="MsoNormal"><a href="mailto:jennaprinzlaw@gmail.com" target="_blank">jennaprinzlaw@gmail.com</a><o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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