[WSBARP] RCW 61.24.110 "declaration of payment" method of reconveyance

[Joseph T. G. Harper]

I have not had any problems using that method. 


----- Original Message -----

From: "Eric Nelsen" <Eric at sayrelawoffices.com> 
To: "WSBA Real Property listserve (wsbarp at lists.wsbarppt.com)" <wsbarp at lists.wsbarppt.com> 
Sent: Friday, January 9, 2015 3:04:28 PM 
Subject: [WSBARP] RCW 61.24.110 "declaration of payment" method of reconveyance 



Another rant about Bank of America! :-) 



How are our title company people treating the RCW 61.24.110 "declaration of payment" method of dealing with an old DOT? Does it work? 



Loan was paid in full 2 years ago, and the Bank (of America, of course) acknowledges it's paid and the account is closed, but they refuse to request a reconveyance. Next step is, contact the out-of-state trustee and request them to reconvey. Assuming that doesn't work, Client would like to use the "declaration of payment" method. Has it been tested yet, and are title insurance companies willing to remove exceptions on that basis? 



Happy Friday everyone! 



Sincerely, 



Eric 



Eric C. Nelsen 

SAYRE LAW OFFICES, PLLC 

1320 University St 

Seattle WA 98101-2837 

phone 206-625-0092 

fax 206-625-9040 



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