[WSBARP] Transamerica Title Insurance Company - Who Took Over? Transamerica Industrial Loan Company to Wells Fargo? Title Gurus

Rob Rowley rob at rowleylegal.com
Thu Jul 9 11:55:52 PDT 2015


The trustee of the old deed of trust is Transamerica Title Insurance
Company.  I vaguely remember them from a while ago.  When I just looked
them up on the state insurance commissioner’s database they are no longer
in business.



Any thoughts on who took over Transamerica’s book of business and who I
could talk to about getting this old deed of trust reconveyed.  Would save
the parties the cost of a quiet title.





Please note that effective May 15, 2015, my new address is 7 South Howard
St., Suite 218, Spokane, WA 99201.  All other contact information remains
the same.



*Robert R. Rowley* | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email: rob at rowleylegal.com

Web Site: www.rowleylegal.com



Practice concentrated on business, real estate and general legal matters in
Washington and Idaho.



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DISCLAIMER: You should recognize that responses provided by e-mail means
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well reach a different conclusion.



*From:* wsbarp-bounces at lists.wsbarppt.com [mailto:
wsbarp-bounces at lists.wsbarppt.com] *On Behalf Of *Richard Holland
*Sent:* Thursday, July 09, 2015 11:29 AM
*To:* WSBA Real Property Listserv
*Subject:* Re: [WSBARP] Transamerica Industrial Loan Company to Wells
Fargo? Title Gurus



I would also consider contacting the Trustee on the ‘old loan’.  Sometimes
it is as simple as the Trustee failing to record the Full Reconveyance.



Rich Holland



*From:* wsbarp-bounces at lists.wsbarppt.com [
mailto:wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>]
*On Behalf Of *Scott Russon
*Sent:* Thursday, July 09, 2015 10:36 AM
*To:* WSBA Real Property Listserv
*Subject:* Re: [WSBARP] Transamerica Industrial Loan Company to Wells
Fargo? Title Gurus



The FDIC website has a list of all banks to include when they opened,
closed, if/when they changed their name, when they merged with another bank
and the new name for the merged bank, and current contact info.  Maybe
Wells Fargo acquired Transamerica, and this can be shown on the list to
connect the two – assuming Wells Fargo was not simply the loan servicer.
Not sure if this helps, but it may assist if you can’t locate
Transamerica.  I would assume there is an argument that the 6 year statute
of limitations on the DOT has expired if client hasn’t made payment on any
mortgage on the property since 1998 (see RCW 7.28.300).



Sincerely yours,



SCOTT E. RUSSON

Attorney at Law



English & Marshall, PLLC

12204 S.E. Mill Plain Blvd., Suite 200

Vancouver, WA 98684

Phone: (360) 449-6100

Fax:    (360) 449-6111



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*From:* wsbarp-bounces at lists.wsbarppt.com [
mailto:wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>]
*On Behalf Of *Rob Rowley
*Sent:* Thursday, July 09, 2015 9:43 AM
*To:* WSBA RPPT
*Subject:* [WSBARP] Transamerica Industrial Loan Company to Wells Fargo?
Title Gurus



I am doing a real estate closing for an investor client and the preliminary
commitment reflects an un-reconveyed 1987 note and deed of trust for the
benefit of Transamerica Industrial Loan Company.



The only documentation I have reflects a payoff to Wells Fargo in 1998, but
the WF payoff does not reference the property nor is the WF account number
tied the property nor Transamerica.



The title company is requesting documentation or information which would
link Wells Fargo to Transamerica for purposes of having them insure around
the 1987 deed of trust which was never reconveyed.



Also, there is no recorded assignment between Transamerica and Wells Fargo.



Thoughts?







Please note that effective May 15, 2015, my new address is 7 South Howard
St., Suite 218, Spokane, WA 99201.  All other contact information remains
the same.



*Robert R. Rowley* | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email: rob at rowleylegal.com

Web Site: www.rowleylegal.com



Practice concentrated on business, real estate and general legal matters in
Washington and Idaho.



<https://www.facebook.com/rowleylegal>
<https://www.linkedin.com/pub/rob-rowley/11/172/b20>
<https://twitter.com/ROBERTRROWLEY>
<http://www.yelp.com/biz/robert-r-rowley-spokane>



NOTICE: The contents of this message and any attachments may be protected
by the attorney-client privilege, work product doctrine or other applicable
protections.  If you are not the intended recipient or have received this
message in error, please notify the sender and promptly delete the
message.  Thank you for your assistance.

DISCLAIMER: You should recognize that responses provided by e-mail means
are akin to ordinary telephone or face-to-face conversations and do not
reflect the level of factual or legal inquiry or analysis which would be
applied in the case of a formal legal opinion. A formal opinion may very
well reach a different conclusion.
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