[WSBARP] Real Estate Contract Guarantee??

[Bryce Dille]

Buyer could execute the RE contract and then quit claim interest to business and claim disregarded  entity excise tax exemption original buyer is still on the contact and personally liable but record title in name of company subject to sellers interest.



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Bryce H. Dille | Attorney at Law

P: 253.848.3513| F: 253.845.4941
317 South Meridian
Puyallup, WA 98371
bryced at cdb-law.com<mailto:bryced at cdb-law.com>
www.cdb-law.com<http://www.cdb-law.com/>





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Business Entity Creation and Management
Business, Government and Tax Law
Real Estate and Land Use, Residential, Commercial and Condominium Development
Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator
Estate Planning, including Wills and Trusts, and Probate Administration
Representation Homeowners/Condominium Association Real Estate Developments
Real Property Foreclosures and Forfeitures






















From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Scott Thomas
Sent: Friday, September 29, 2017 10:19 AM
To: 'WSBA Real Property Listserv'
Subject: Re: [WSBARP] Real Estate Contract Guarantee??

Could buyer assign REK to business, and as a condition of assignment remain responsible for underlying obligations?

From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Paul Neumiller
Sent: Friday, September 29, 2017 10:09 AM
To: wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Real Estate Contract Guarantee??

Doe such a creature exist?  Client is a seller-financed owner of property who wants to use a Real Estate Contract instead of a note and deed of trust.  Buyer wants to put property into the name of buyer's business.  Is there a document/instrument out there that is comparable to a third-party personal guarantee of a promissory note?  Conceptually, I'm not sure that this even works but client wants to make sure it hurts the buyer personally if buyer decides to walk away from the property.  -Paul Neumiller
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