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<p>It's just logic. The life tenant only held a life estate and could only encumber t a life estate. Once the life estate ended, the lender's security interest disappeared. It sounds like the lender is trying to lean on the remainder persons to make good
on the decedent's debt, but the remainder persons have no obligation to do so. The lender's only real option is to file a claim against the decedent's estate.
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<div class="PlainText">Gretchen Valentine<br>
VP and NW Regional Underwriting Counsel<br>
Title Resources Guaranty Company<br>
12201 SE 8th Street, Suite 200<br>
Bellevue, WA 98004<br>
425-896-3836 (direct)<br>
425-451-7301 (office)<br>
206-962-7744 (cell)<br>
<a href="mailto:Gretchen.Valentine@TitleResources.com">Gretchen.Valentine@TitleResources.com</a></div>
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<div id="divRpF324445" style="DIRECTION: ltr"><font color="#000000" size="2" face="Tahoma"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [wsbarp-bounces@lists.wsbarppt.com] on behalf of Josh Grant [jgrant@accima.com]<br>
<b>Sent:</b> Tuesday, September 01, 2015 10:04 AM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> Re: [WSBARP] Joint Tenancy with Rights of Survivorship<br>
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<div>I have a case where a life tenant granted a DOT, and after death the bank attempts to foreclose against the remainderman (non-borrower). Your comment about life estate, (and this is in a different context), makes me wonder if you have any authorities,
briefs, etc. that stand for the proposition that once a life tenant passes on, any security given evaporates in thin air?</div>
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<div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">Joshua F. Grant, PS<br>
Attorney at Law<br>
P. O. Box 619<br>
Wilbur, WA 99185<br>
tel 509 647 5578<br>
fax 509 647 2734<br>
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<div><b>From:</b> <a title="Eric@sayrelawoffices.com" href="mailto:Eric@sayrelawoffices.com" target="_blank">
Eric Nelsen</a> </div>
<div><b>Sent:</b> Tuesday, September 01, 2015 8:34 AM</div>
<div><b>To:</b> <a title="wsbarp@lists.wsbarppt.com" href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">
WSBA Real Property Listserv</a> </div>
<div><b>Subject:</b> Re: [WSBARP] Joint Tenancy with Rights of Survivorship</div>
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<p class="MsoNormal"><span style="COLOR: #1f497d">For what it's worth, I think you're right, I haven't found any Washington case law that addresses the issue, and the cases make clear that Washington's JTWROS statute is peculiar and not readily comparable to
any other state's JT rules.</span></p>
<p class="MsoNormal"><span style="COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="COLOR: #1f497d">Seems to me our cases regarding severance of the ROS all have to do with transfers or attempted/contemplated transfers of a fee interest--whether it's via a community property agreement, or a contract to sell
the property. I can't think of a case in Washington where ROS is severed by a transfer of less than a fee interest, like a lease or perhaps a deed of trust. Maybe creation of a life estate would sever ROS, but I think that's a special case that does involve
splitting the fee interest in some way. I wonder if one JT's attempted grant of an easement would sever.</span></p>
<p class="MsoNormal"><span style="COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="COLOR: #1f497d">Approached the other direction--what happens to the lease when the lessor JT dies? Since the lessor JT's fee interest "vanishes" at death, does the lease automatically terminate, analogous to a leasehold tenancy
from a life-estate lessor? Or does the lease attorn to the survivor? I don't think attornment would be a fair result for the survivor, who never agreed to subject their ownership and possessory interest to a tenant. Yet, to hold that the lease survives would
effectively cause the deceased's JT interest to linger after death, until the lease terminates--and that result sounds a lot like "a lease by one JT severs the ROS."</span></p>
<p class="MsoNormal"><span style="COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="COLOR: #1f497d">All purely speculative of course, since I don't think we have any binding guidance from the appellate courts.</span></p>
<p class="MsoNormal"><span style="COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">Sincerely,</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">Eric</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d"></span> </p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">Eric C. Nelsen</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">SAYRE LAW OFFICES, PLLC</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">1320 University St</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">Seattle WA 98101-2837</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">phone 206-625-0092</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 12pt; COLOR: #1f497d">fax 206-625-9040</span></p>
<p class="MsoNormal"><span style="COLOR: #1f497d"></span> </p>
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<p class="MsoNormal"><b><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif"">From:</span></b><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Tahoma","sans-serif""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Marcus Fry<br>
<b>Sent:</b> Tuesday, September 01, 2015 7:28 AM<br>
<b>To:</b> 'wsbarp@lists.wsbarppt.com'<br>
<b>Subject:</b> [WSBARP] Joint Tenancy with Rights of Survivorship</span></p>
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<p class="MsoNormal"> </p>
<p class="MsoNormal"><a name="_GoBack"></a>Does a lease by one JTWROS of the real property to a third party convert the tenancy to a tenancy in common? I haven’t found any WA case law on this pt. CA court decision says yes, but a Cal Law review says majority
of states say the opposite. WA appears to be silent.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal" style="TEXT-ALIGN: justify"><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">Marcus J. Fry</span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">Lyon, Weigand & Gustafson, P.S.</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"">
</span><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New""></span></p>
<p class="MsoNormal"><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">P.O. Box 1689</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"">
<br>
</span><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">Yakima, Washington 98907</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"">
<br>
</span><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">Telephone: (509) 248-7220</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"">
<br>
</span><span style="FONT-SIZE: 10pt; FONT-FAMILY: "Courier New"">Facsimile: (509) 575-1883</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman","serif"">
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