[WSBARP] REETA

[Marvin Benson]

Thank you

On Wed, Mar 17, 2021 at 4:17 PM Kailei Feeney <kailei at westseattlelaw.com>
wrote:

> I think I misunderstood and I agree with Mr. Krismer.
>
> I think consideration, as relief from debt, is defined more narrowly than
> future obligation to pay HOAs and property taxes. As long as the Grantor is
> not getting out from any current obligations to be paid, like back HOA dues
> or property taxes, already due and owing, then it can still be a gift, if
> the other elements of the WAC are met.
>
>
>
> Kailei
>
>
>
> Kailei B. Feeney
> *Attorney-at-Law*
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> *From:* wsbarp-bounces at lists.wsbarppt.com <
> wsbarp-bounces at lists.wsbarppt.com> *On Behalf Of *Kary Krismer
> *Sent:* Wednesday, March 17, 2021 3:04 PM
> *To:* wsbarp at lists.wsbarppt.com
> *Subject:* Re: [WSBARP] REETA
>
>
>
> I don't understand why that wouldn't be a gift.  I don't think motivation
> for the transfer goes to the issue of whether or not it's a gift.
>
> The thing that might trip you up is the debt against the property, but it
> sounds like the property is probably unencumbered.  Check out the WACs
> regarding gifts and debt if it is encumbered.
>
> Kary L. Krismer
>
> 206 723-2148
>
> On 3/17/2021 2:28 PM, Marvin Benson wrote:
>
> HI
>
> This must be a really stupid question. Here goes:  Deed of real estate
> condo unit for zero dollars.  Seller just wants relief from  future
> association dues and assessments.  Therefore not a gift.
>
> What will treasurer accept on the REETA?
>
>
>
> Marvin Benson
>
>
>
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