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<p>I would consider the obligation to convey title when the REK is
paid off to be "something substantial." Particularly if the REK
requires a conveyance by a SWD (not sure what the standard terms
are). And if the assignee didn't sign off, where would that
leave the grantee under the REK after they've paid off the
obligation? The assignor and original REK vendor would have been
out of the picture on future payments and not know whether to
convey.<br>
</p>
<p>Out of curiosity, I wonder what's required on the UCC side,
assuming Freeborn v. Seattle Trust is still good law. I fell out
of touch with Article 9 after the last revisions (that I heard
about), so I don't know if something would be required of the
grantee on that part of the transaction.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
John L. Scott, Inc.
206 723-2148</pre>
<div class="moz-cite-prefix">On 6/16/2020 4:27 PM, Eric Nelsen
wrote:<br>
</div>
<blockquote type="cite"
cite="mid:57DC2058F333E340877E551711127784A42F88B6@SBS2011.SayreLawOffices.local">
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<div class="WordSection1">
<p class="MsoNormal">Here's one I haven't really thought about
before. The standard
<a
href="https://www.wsba.org/docs/default-source/licensing/lpo/forms/13-05_i_-sacd51365ef2f6d9654cb471ff1f00003f4f.pdf?sfvrsn=42ef3bf1_2"
moz-do-not-send="true">
Deed and Seller's Assignment of Real Estate Contract</a>
says in the body that "Grantee hereby assumes and agrees to
fulfill the conditions of said real estate contract..."<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Ordinarily there is not much that the
Seller is required to do at that point – but let's assume that
there is something substantial, and the Grantee did
<u>not</u> sign the assignment indicating their assent. Only
the Grantor-Seller signed.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">So:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<ol style="margin-top:0in" type="1" start="1">
<li class="MsoListParagraph"
style="margin-left:0in;mso-list:l0 level1 lfo1">Is the
Grantee's supposed covenant to fulfill the Seller's
obligations ineffective? Or does the Grantee's assumed
acceptance of the "deed" portion of this instrument impute
also a contractual agreement to take on the covenant
obligations?<o:p></o:p></li>
<li class="MsoListParagraph"
style="margin-left:0in;mso-list:l0 level1 lfo1">Is the deed
nevertheless operative, to transfer Seller's "bare title"
(lien interest) to the Grantee? So now Seller is not off the
hook on the contractual obligations, but also no longer has
their security interest in the property?<o:p></o:p></li>
</ol>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Eric<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Eric C. Nelsen<o:p></o:p></p>
<p class="MsoNormal">Sayre Law Offices, PLLC<o:p></o:p></p>
<p class="MsoNormal">1417 31st Ave South<o:p></o:p></p>
<p class="MsoNormal">Seattle WA 98144-3909<o:p></o:p></p>
<p class="MsoNormal">206-625-0092<o:p></o:p></p>
<p class="MsoNormal"><u><span style="color:#0563C1"><a
href="mailto:eric@sayrelawoffices.com"
moz-do-not-send="true">eric@sayrelawoffices.com</a></span></u><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span
style="background:aqua;mso-highlight:aqua">Covid-19 Update
-
</span></b>All attorneys are working remotely during regular
business hours and are available via email and by phone;
please call the Seattle office. Videoconferencing also is
available. Signing of estate planning documents can be
completed and will be handled on a case-by-case basis; please
call the Seattle office.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">MAIL AND DELIVERIES can be received at the
Seattle office. For any other needed arrangements, please call
the Seattle office.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<br>
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