[WSBARP] New wrinkle on closings

[Craig Gourley]

Listmates,  I just received an addendum on a Purchase and Sale we are closing and it has my antenna's up.

I have seen gap insurance in limited cases when something unusual happens and title will insure as of a specific date even though a deed has not recorded but it is typically with the consent of the lender.  Given the propensity of the County recording office to play Jr lawyer and reject recordings for any number of stupid reasons I am reluctant to follow this addendum.   What if the county rejects the recording and requires one of the parties to re-sign something and that party now refuses?  I am concerned about an insurable interest in the event of a casualty.  I am sure given a minute I can come up with additional participants in the potential parade of horrors.   Thoughts? Comments? Am I being overly concerned about nothing? The addendum is below.

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Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>


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