[WSBARP] Repeal of Torrens

[Kary Krismer]

One of the legislative reports I read (linked in the original link I 
sent) indicated that there were only about 5,000 parcels in the entire 
state.  But the attachment to David's email does explain who was pushing 
this legislation.  I had wrongly assumed title companies.

Kary L. Krismer
206 723-2148

On 3/25/2022 7:26 AM, David R. Ambrose wrote:
> To the collective,
>
> As with Kary, over the past forty years I've never come across a registered property in my real estate practice.  But that is perhaps not surprising, giving the limited number of properties in Washington which have been registered.  See the attached posting by the Washington State Association of County Auditors, which has some interesting statistics about the number of registered properties and the difficulty in dealing with them.
>
> Regards,
>
> David Ambrose
> drambrose at ambroselaw.com
>
>
> -----Original Message-----
> From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Kary Krismer
> Sent: Friday, March 25, 2022 7:15 AM
> To: wsbarp at lists.wsbarppt.com
> Subject: Re: [WSBARP] Repeal of Torrens
>
>
> On 3/24/2022 6:28 PM, John J. Sullivan wrote:
>> Glory, glory Allelujah! Mine eyes have seen the glory etc.
> I guess my problems have been limited to being concerned there might be a problem, as opposed to the actual problems others here are reporting.
>
> I've never had a seller client with registered land, or done a transaction on property that was registered, but I have had concerns I'd run into one.  As a real estate broker I viewed this sort of like a Co-op, something that didn't exist in enough quantity that I wanted to bother dealing with the first one, which would likely be the last one.  (Or Chapter 12 as a bankruptcy attorney with an office in Seattle.)
>
> I do find it a bit odd that the statewide forms don't seem to deal with the possibility of registered land at all.  Seemingly there would at least need to be different terms as to title insurance.
>
> Kary L. Krismer
>
> John L. Scott, Inc.
>
> 206 723-2148
>
>
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