[WSBARP] Partial Assignment of Deed of trust

[Dwight Bickel]

Nestor:
Of course the transfer of the ownership of the property is the endorsement and delivery of the promissory note. There is no need to record an assignment of the deed of trust. Most assignments are not recorded, but I would to ensure the clarity between these recently-divorced joint beneficiaries, and as a matter of record for the property owner to see also. When reconveyance or foreclosure is the next step, the clarity that your PC is the sole beneficiary will avoid any question. Why would the title company ask for a quitclaim deed?

Dwight A. Bickel
Washington Title Professional
dwightbickel at hotmail.com
www.linkedin.com/in/dwightbickel
http:/www.titleadvisor.com
206-484-1976

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of nestor at pplsweb.com

Sent: Friday, April 17, 2020 1:06 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Partial Assignment of Deed of trust



PC has gotten divorced and PC and ex-wife held a partial interest in a Deed of Trust and note on a relatives property.  Ex-Wife wants to assign her interest to the PC. Title Company requests a quitclaim deed. Do we also do an assignment of the deed of Trust from ex-wife to H or is that redundant?

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