[WSBARP] Deed in Lieu of Forfeiture

Wed Oct 16 14:45:40 PDT 2019

That can go in the deed itself. Belt and suspenders, if you get a title report and make sure you have clear title anyway.

Robert D. Wilson-Hoss 
Hoss & Wilson-Hoss, LLP 
236 West Birch Street 
Shelton, WA 98584 
360 426-2999

www.hossandwilson-hoss.com
rob at hctc.com

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Andrew Hay
Sent: Wednesday, October 16, 2019 2:34 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] Deed in Lieu of Forfeiture

In addition to the quit claim or deed in lieu, I would do an agreement that the Real Estate Contract or Deed of Trust is not merged into the deed so that if a subsequent foreclosure is needed, that can be done.

Andrew Hay

Hay & Swann PLLC

201 S. 34th St.

Tacoma, WA 98418

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Jim Doran
Sent: Wednesday, October 16, 2019 2:17 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] Deed in Lieu of Forfeiture

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As such, perhaps a deed back to seller is not appropriate (although once the contract was rescinded, if the rescission remained private, I could certainly see a QCD being used to clear title).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

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Seattle, WA 98116-3705                          

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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 <http://www.doranlegal.com/> 

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