[WSBARP] Deed in Lieu of Forfeiture

[Jim Doran]

I suggested that the client get a title report done.

James R. Doran
Attorney at Law
100 E. Pine Street -  Suite 205
Bellingham, WA 98225
(360)393-9506
jim at doranlegal.com
www.doranlegal.com


On Wed, Oct 16, 2019 at 2:06 PM Kary Krismer <Krismer at comcast.net> wrote:

> 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
> www.doranlegal.com
>
>
> On Wed, Oct 16, 2019 at 1:49 PM Kailei Feeney <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 the contract was rescinded, if the rescission remained private, I could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
>> *Attorney-at-Law*
>>
>> 3909 California Avenue SW
>>
>> Seattle, WA 98116-3705
>>
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>>
>> kailei at westseattlelaw.com
>>
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>> *From:* wsbarp-bounces at lists.wsbarppt.com <
>> 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>
>> *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
>>
>> www.doranlegal.com
>>
>>
>>
>>
>>
>> On Wed, Oct 16, 2019 at 1:16 PM Doug Owens <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> 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
>>
>> www.doranlegal.com
>>
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