[WSBARP] reconvey without trustee?

[Bickel, Dwight]

It is not wise to record a "release of mortgage" signed by the beneficiary. In trust deed states, the release is a "reconveyance" that must be signed by a valid Trustee. The holder of the note [beneficiary] can appoint you [if active WA lawyer] as Trustee to sign and record the reconveyance. If your fee to do that is less than the title company's fee, that is an easy course.

Dwight

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Andrew Lemmel
Sent: Wednesday, April 13, 2016 7:44 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] reconvey without trustee?

Hello Listmates, I have a situation where my existing clients have asked me to reconvey a piece of property that they took a deed of trust on for a family member.  Chicago Title is trustee, and they were just hoping that I could take care of it for them without CT.  is there any reason why I can't change the reconveyance form to note that the DOT holders are signing the reconveyance instead of the trustee?  Thanks for your thoughts.

Cheers,

Andrew L. Lemmel
Andrew Lemmel Attorney at Law PLLC
1900 West Nickerson Street, Suite 116-153 | Seattle, WA 98119
P: 206-283-0593 | F: 866-397-4743
andrew at lemmel-law.com<mailto:andrew at lemmel-law.com>

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