[WSBARP] Deed in Lieu of Forfeiture
Kary Krismer
Krismer at comcast.net
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 (although once the contract was rescinded, if the rescission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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