<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
</head>
<body>
<div>
<div>
<div dir="ltr">
<div dir="ltr">Dear John:</div>
<div dir="ltr">John McCrady just responded to a similar question about the applicability of the Garn+St. Germain act and quoted a section that prohibits the enforcement of a due on sale clause when the transfer is to the child of the deceased mother. I think
the lender is prohibited from making the daughter refinance the property.</div>
<div dir="ltr">Kerry A. Richards </div>
</div>
</div>
<div id="ms-outlook-mobile-signature">
<div><br>
</div>
Get <a href="https://aka.ms/o0ukef">Outlook for iOS</a></div>
</div>
<hr style="display:inline-block;width:98%" tabindex="-1">
<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> on behalf of johnl@ollps.com <johnl@ollps.com><br>
<b>Sent:</b> Tuesday, July 26, 2022 7:46:39 AM<br>
<b>To:</b> 'WSBA Real Property Listserv' <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Returned "served by mail" pleadings</font>
<div> </div>
</div>
<style>
<!--
@font-face
{font-family:"Cambria Math"}
@font-face
{font-family:Calibri}
@font-face
{font-family:Tahoma}
@font-face
{font-family:"Open Sans"}
@font-face
{font-family:Georgia}
p.x_MsoNormal, li.x_MsoNormal, div.x_MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif}
span.x_EmailStyle21
{font-family:"Calibri",sans-serif;
color:windowtext}
.x_MsoChpDefault
{font-family:"Calibri",sans-serif}
@page WordSection1
{margin:1.0in 1.0in 1.0in 1.0in}
div.x_WordSection1
{}
-->
</style>
<div lang="EN-US" link="blue" vlink="purple" style="word-wrap:break-word">
<div class="x_WordSection1">
<p class="x_MsoNormal">Listmates,</p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal">I have a client who was placed in title to her mother’s home under a TOD deed after the mother passed away. The property is subject to a mortgage, and the bank wants the client to apply for a refinance and pay a sizeable down payment.
Is there authority in the area for TODD transfers and existing mortgages?</p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal">Thank you. </p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"><b><span style="font-size:13.5pt; font-family:"Open Sans",sans-serif; color:#6E8F94">JOHN H. LOEFFLER</span></b></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif">OLSON LOEFFLER LAW GROUP, P.S.</span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Arial",sans-serif"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif">8414 N. Wall Street, Suite a </span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif">Spokane, Washington 99208 </span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif">509.467-6767 (tel)</span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif">509.467-4710 (fax)</span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Arial",sans-serif"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Georgia",serif"><a href="http://www.ollps.com/">www.OLLPS.com</a></span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Arial",sans-serif"> </span></p>
<p class="x_MsoNormal"><span style="font-size:12.0pt; font-family:"Arial",sans-serif"> </span></p>
<p class="x_MsoNormal"><span style="font-size:9.0pt; font-family:"Open Sans",sans-serif; color:#695D46">Notice: This communication, including
</span><span style="font-size:9.0pt; font-family:"Open Sans",sans-serif; color:#666666">attachments</span><span style="font-size:9.0pt; font-family:"Open Sans",sans-serif; color:#695D46">, may contain information that is confidential and protected by the attorney/client
or other privileges. It constitutes non-public information intended to be conveyed only to the designated recipient(s). If the reader or recipient of this communication is not the intended recipient, an employee or agent of the intended recipient who is
responsible for delivering it to the intended recipient, or you believe that you have received this communication in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including attachments without reading or saving
them in any manner. The unauthorized use, dissemination, distribution, or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. Receipt by anyone other than the intended recipient(s) is not a waiver of any attorney/client
or other privilege</span><span style="font-size:12.0pt; font-family:"Arial",sans-serif"></span></p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"><span style="font-size:7.5pt; font-family:"Tahoma",sans-serif; color:gray; background:white">g to another party any transaction or tax-related matter addressed herein.
</span></p>
</div>
</div>
</body>
</html>