<div dir="ltr">Thank you for your thoughts, Diane.</div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Nov 15, 2021 at 6:42 PM Diane J. Kiepe <<a href="mailto:DJKiepe@depdslaw.com">DJKiepe@depdslaw.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:16pt">Hi Laura,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt">I think you are actually right on track. The Lender’s deed transfers nothing if not signed in their capacity as trustee’s (and this would be the case if the were singing as H&W). The Lender may be trying
to avoid an opinion on the refi involving a trust but who knows, maybe simply overlooked the deed into trust.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt">With the above in mind, I would also be concerned that the lender has all the paperwork in the parties individual names which would include them making some sort of representations that they have power to
sign the documents and this would concern me as their counsel; enough to visit with them on the subject. I don’t know maybe it’s just been a long day and I’m feeling overly jaded (</span><span style="font-size:16pt;font-family:"Segoe UI Emoji",sans-serif">😉</span><span style="font-size:16pt">).
I’ll be curious to see what other’s say but in this instance, if it really has to be in their names for the refi, it should be transferred out of trust first – and if this is required, I would want to be sure the bank doesn’t have a prohibition against transferring
the real property back into the trust with the mortgage. They shouldn’t.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt">I just completed a letter for a refi to let the lender know the Living Trust could qualify for financing (in addition to a natural person) because the living trust met various criteria.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt">Best to you.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold"">Diane J. Kiepe<u></u><u></u></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold""><u></u> <u></u></span></i></p>
<p class="MsoNormal">Diane J. Kiepe<u></u><u></u></p>
<p class="MsoNormal">Douglas Eden<u></u><u></u></p>
<p class="MsoNormal">717 W. Sprague Ave.<u></u><u></u></p>
<p class="MsoNormal">Suite 1500<u></u><u></u></p>
<p class="MsoNormal">Spokane, WA 99201<u></u><u></u></p>
<p class="MsoNormal"><a href="mailto:djkiepe@depdslaw.com" target="_blank"><span style="color:rgb(5,99,193)">djkiepe@depdslaw.com</span></a><u></u><u></u></p>
<p class="MsoNormal">509-455-5300<u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:16pt"><u></u> <u></u></span></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Laura Latta<br>
<b>Sent:</b> Monday, November 15, 2021 5:41 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] CHAIN OF TITLE QUESTION AND POSSIBLE REFERRAL<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"inherit",serif;color:rgb(5,5,5)">An estate planning client executed a deed transferring property from themselves as husband and wife to their living trust. Two weeks later, as part of a refi, the
lender has the clients execute a deed from themselves as husband and wife to themselves as joint tenants.<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"inherit",serif;color:rgb(5,5,5)">The purpose of the deed appears to be adding the wife's married name to the chain of title (she had not changed her name when they purchased the house originally).
The issue is potentially that the QCD prepared by the lender names the husband and wife in their individual capacities rather than as trustees and totally ignores the QCD to the trust which is the last document in the chain of title.<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"inherit",serif;color:rgb(5,5,5)">Any thoughts on how/whether to address this? In particular, I'm trying to wrap my mind around whether this is an issue for the clients or only the lender. Or maybe
a problem for the lender is a problem for the borrower. Being that this is outside my wheelhouse, I'd love to refer it out if anyone is interested.
<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">-- <u></u><u></u></p>
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<p class="MsoNormal"><b><span style="color:rgb(69,129,142)">Laura Latta<br>
Law Office of Laura Latta PLLC</span></b><u></u><u></u></p>
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<span style="color:rgb(102,102,102)">she/her</span><u></u><u></u></p>
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<span style="color:rgb(102,102,102)">Phone (206) 841-2344</span><u></u><u></u></p>
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<span style="color:rgb(102,102,102)"><a href="http://www.LauraLatta.com" target="_blank">www.LauraLatta.com</a></span><u></u><u></u></p>
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