[WSBARP] Real Estate Contract Not Recorded - Excise Tax

[John McCrady]

Yes, unless the contract was held in a true escrow.
See WAC 458-61A-306 for calculation of interest and penalty.



John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98467
253-476-5721
j.mccrady at pstitle.com<mailto:j.mccrady at pstitle.com>

There are no traffic jams on the extra mile



Beginning July 26, 2021, recording fees for most documents recorded in Washington will increase by $100<https://www.piercecountywa.gov/DocumentCenter/View/105275/Recording-Fee-Schedule-Effective-Jul-25-2021->. Please be sure to collect recording fees accordingly. Due to the above increase, our Reconveyance fees will also be increased by $100.00

WARNING-FRAUDULENT FUNDING INSTRUCTIONS
Email hacking and fraud are on the rise to fraudulently misdirect funds.  Please call your escrow officer immediately using contact information found from an independent source, such as the sales contract or internet, to verify any funding instructions received.  We are not responsible for any wire sent by you to an incorrect bank account.


From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of K. Garl Long
Sent: Tuesday, October 31, 2023 4:12 PM
To: WSBA RPPT Real Property Discussion Forum <wsbarp at LISTS.WSBARPPT.COM>
Subject: [WSBARP] Real Estate Contract Not Recorded - Excise Tax


Private seller uses a form Real Estate Contract to sell to tenant.  Contract prohibits recording until seller pays off underlying loan (which has happened). Years and years go by.  Buyer now wants to record. Excise tax problems?

Garl
--

Law Offices of K. Garl Long - Mount Vernon, Washington - (360) 336-3322

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