<html><body><div style="font-family: Times New Roman; font-size: 12pt; color: #000000"><div>I have not had any problems using that method. <br></div><div><br></div><div><br></div><hr id="zwchr"><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;"><b>From: </b>"Eric Nelsen" <Eric@sayrelawoffices.com><br><b>To: </b>"WSBA Real Property listserve (wsbarp@lists.wsbarppt.com)" <wsbarp@lists.wsbarppt.com><br><b>Sent: </b>Friday, January 9, 2015 3:04:28 PM<br><b>Subject: </b>[WSBARP] RCW 61.24.110 "declaration of payment" method of reconveyance<br><div><br></div>
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<p class="MsoNormal">Another rant about Bank of America! :-)</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">How are our title company people treating the <a href="http://app.leg.wa.gov/rcw/default.aspx?cite=61.24&full=true#61.24.110" target="_blank">
RCW 61.24.110</a> "declaration of payment" method of dealing with an old DOT? Does it work?</p>
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<p class="MsoNormal">Loan was paid in full 2 years ago, and the Bank (of America, of course) acknowledges it's paid and the account is closed, but they refuse to request a reconveyance. Next step is, contact the out-of-state trustee and request them to reconvey.
Assuming that doesn't work, Client would like to use the "declaration of payment" method. Has it been tested yet, and are title insurance companies willing to remove exceptions on that basis?</p>
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<p class="MsoNormal">Happy Friday everyone!</p>
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<p class="MsoNormal"><span style="font-size:12.0pt">Sincerely,</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Eric</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Eric C. Nelsen</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">SAYRE LAW OFFICES, PLLC</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">1320 University St</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Seattle WA 98101-2837</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">phone 206-625-0092</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">fax 206-625-9040</span></p>
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