[WSBARP] due on sale clause

Douglas W. Scott doug at davisscottlaw.com
Fri Oct 28 14:57:34 PDT 2016


Note and deed of trust to my client are signed by debtors husband and wife encumbering their home. Note is due in December 2017 or the earlier date of sale, refinance or transfer. Husband and wife divorced and husband quit claimed the house to the wife. Wife has filed for chapter 13 bankruptcy.  Question: is the quit claim to the wife a sale or transfer triggering the Note being due?

Douglas W. Scott
Law Offices of Douglas W. Scott
Windermere Building
1810 15th Place NW, Suite 203
Issaquah, Washington, 98027
V.  425.392.8550
F.  425-392-2829
www.davisscottlaw.com<http://www.davisscottlaw.com/>

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