[WSBARP] Deed in Lieu of Forfeiture

Wed Oct 16 14:03:16 PDT 2019

There is the issue of non-merger if there's an unknown junior interest.

Kary L. Krismer
206 723-2148

On 10/16/2019 1:52 PM, Jim Doran wrote:
> Maybe the good old Quit Claim Deed is the only assurance that the 
> Seller needs and that's all.
>
> James R. Doran
> Attorney at Law
> 100 E. Pine Street -  Suite 205
> Bellingham, WA 98225
> (360)393-9506
> jim at doranlegal.com <mailto:jim at doranlegal.com>
> www.doranlegal.com <http://www.doranlegal.com>
>
>
> On Wed, Oct 16, 2019 at 1:49 PM Kailei Feeney 
> <kailei at westseattlelaw.com <mailto:kailei at westseattlelaw.com>> wrote:
>
>     Hello Jim,
>
>     I think Mr. Owen’s valid point is that with a real estate
>     contract, the seller does not convey a deed to the buyer until all
>     obligations under the real estate contract have been satisfied.
>
>     As such, perhaps a deed back to seller is not appropriate
>     (although once the contract was rescinded, if the rescission
>     remained private, I could certainly see a QCD being used to clear
>     title).
>
>     Regards,
>
>     Kailei
>
>     Kailei B. Feeney*
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>     *From:* wsbarp-bounces at lists.wsbarppt.com
>     <mailto:wsbarp-bounces at lists.wsbarppt.com>
>     <wsbarp-bounces at lists.wsbarppt.com
>     <mailto:wsbarp-bounces at lists.wsbarppt.com>> *On Behalf Of *Jim Doran
>     *Sent:* Wednesday, October 16, 2019 1:25 PM
>     *To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com
>     <mailto:wsbarp at lists.wsbarppt.com>>
>     *Subject:* Re: [WSBARP] Deed in Lieu of Forfeiture
>
>     No. There is such a thing as a Deed in Lieu of Forfeiture.  I
>     could bootstrap a Quit Claim Deed into it.  but I thought a
>     standard form would be available.
>
>     Thanks anyway for the thought.
>
>     Jim
>
>     James R. Doran
>
>     Attorney at Law
>
>     100 E. Pine Street -  Suite 205
>
>     Bellingham, WA 98225
>     (360)393-9506
>
>     jim at doranlegal.com <mailto:jim at doranlegal.com>
>
>     www.doranlegal.com <http://www.doranlegal.com>
>
>     On Wed, Oct 16, 2019 at 1:16 PM Doug Owens
>     <dougowens at seattlerelawyer.com
>     <mailto:dougowens at seattlerelawyer.com>> wrote:
>
>         Dear Jim, it seems to me that since the vendee on a real
>         estate contract has not previously received a deed that person
>         would be unable to execute a deed back to the vendor. Perhaps
>         a rescission of the contract could be executed and recorded. 
>         Just a thought.  Yours truly, Doug Owens
>
>
>
>             On Oct 16, 2019, at 11:20 AM, Jim Doran
>             <jim at doranlegal.com <mailto:jim at doranlegal.com>> wrote:
>
>             Does anyone have a form for a Deed in Lieu of Forfeiture? 
>             This is a real estate contract situation.  Forfeiture not
>             foreclosure.
>
>             Thank you.
>
>             Jim Doran
>
>
>             James R. Doran
>
>             Attorney at Law
>
>             100 E. Pine Street -  Suite 205
>
>             Bellingham, WA 98225
>             (360)393-9506
>
>             jim at doranlegal.com <mailto:jim at doranlegal.com>
>
>             www.doranlegal.com <http://www.doranlegal.com/>
>
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