[WSBARP] Clearing title old bank as legal owner

[Jeanne Dawes]

Josh, you might see if the DOL will accept a certificate of fact explaining that the loan has long been paid, the S&L no longer exists, and requesting that the legal owner be cleared from title.  There may even be some sort of indemnification form that the DOL might use for this.
Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice:  509-326-7500
Fax:      509-326-7503
jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>
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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Josh Grant
Sent: Thursday, May 19, 2016 10:15 AM
To: wsbar <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Clearing title old bank as legal owner

I hate mobile homes.

This is a 2nd request for some listserve wisdom.

I have a client trying to purchase a lot and old mobile home.  The mobile home has been fixed up.  Total purchase price is only $5000 so a great deal of legal work isn’t going to happen.
DOL tells us that a predecessor of the seller borrowed from “Western Savings and Loan” in 1986 and they continue as the “legal owner” on the title. .  We found a similar named S&L out of Phoenix, which was inactivated in 1989.  For that matter, we also have to clear off the old 1986 registered owner as well.  kind of a nightmare.

What is the procedure for clearing off these old debts and getting a new Title issued?

Thanks.

Josh
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