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<p class="MsoNormal">Yes, unless the contract was held in a true escrow.<o:p></o:p></p>
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<span style="font-size:11.0pt;color:black;font-weight:normal">See WAC 458-61A-306 for calculation of interest and penalty.<o:p></o:p></span></h3>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">John McCrady<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">Counsel<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">Puget Sound Title Company<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">5350 Orchard Street West<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">University Place WA 98467<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual">253-476-5721<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual"><a href="mailto:j.mccrady@pstitle.com">j.mccrady@pstitle.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:13.0pt;font-family:"PT Serif",serif;color:black;background:white;mso-ligatures:standardcontextual">There are no traffic jams on the extra mile</span></i><i><span style="mso-ligatures:standardcontextual"><o:p></o:p></span></i></p>
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<p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:"Bodoni MT",serif;mso-ligatures:standardcontextual">Beginning July 26, 2021, recording fees for most documents recorded in Washington
<a href="https://www.piercecountywa.gov/DocumentCenter/View/105275/Recording-Fee-Schedule-Effective-Jul-25-2021-">
will increase by $100</a>. Please be sure to collect recording fees accordingly. Due to the above increase, our Reconveyance fees will also be increased by $100.00</span></b><b><span style="mso-ligatures:standardcontextual"><o:p></o:p></span></b></p>
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<p class="MsoNormal" style="margin-top:6.0pt"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D;mso-ligatures:standardcontextual">WARNING-FRAUDULENT FUNDING INSTRUCTIONS
</span></b><b><span style="font-size:4.0pt;font-family:"Arial",sans-serif;color:#1F497D;mso-ligatures:standardcontextual"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-top:6.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D;mso-ligatures:standardcontextual">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.<o:p></o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>K. Garl Long<br>
<b>Sent:</b> Tuesday, October 31, 2023 4:12 PM<br>
<b>To:</b> WSBA RPPT Real Property Discussion Forum <wsbarp@LISTS.WSBARPPT.COM><br>
<b>Subject:</b> [WSBARP] Real Estate Contract Not Recorded - Excise Tax<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>Private seller uses a form Real Estate Contract to sell to tenant. Contract <u>
prohibits</u> recording until seller pays off underlying loan (which has happened). Years and years go by. Buyer now wants to record. Excise tax problems?<o:p></o:p></p>
<p>Garl<o:p></o:p></p>
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<p class="MsoNormal">-- <b><o:p></o:p></b></p>
<p align="center" style="text-align:center"><b>Law Offices of K. Garl Long - Mount Vernon, Washington - (360) 336-3322<o:p></o:p></b></p>
<p><i><span style="font-size:10.0pt">This message is for the exclusive use of the intended recipient(s). It may contain information that is privileged, confidential or exempt from disclosure under applicable law. If you have received this message in error,
please notify the sender and delete all copies of the original message. Any retention, reproduction, use, or retransmission of this message, other than by the intended recipient(s), is prohibited.<o:p></o:p></span></i></p>
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