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Posted on February 22, 2017 in RESOURCESLeave a comment
Clockhours By Angie offers Correspondence Classes.  See the attached list for what is available.

2017 correspondence classes    2017 correspondence classes 2

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Posted on August 21, 2014 in SPECIAL EVENTSLeave a comment
Transfer on Death Deed     New legislation effective 6/12/14 in Washington State.

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Posted on July 29, 2014 in RESOURCESLeave a comment
A helpful list of websites you can use any time of day or night!

NewInformation Websites Quick Reference

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Posted on July 16, 2014 in RESOURCESLeave a comment
fraud alert

We would like to alert you to a fraud scheme that could result in the theft of money from you or your clients.  (please click on above underlined)

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Posted on October 30, 2013 in TITLE INFORMATIONLeave a comment
ROAD ASSESSMENTS

Inland Professional Title has been informed by the Spokane City Engineer’s office about information regarding “paving dirt roads in the City of Spokane”.  Please see the attached flyer for more information that may affect any property fronting on / or accessing by a dirt road.  Please feel free to contact Inland Professional Title with questions.  Any Title Officer or your Sales Representative may help you.

 

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Posted on October 19, 2012 in TITLE INFORMATIONLeave a comment
Inland Professional Title fees for reconveyances: 

$135.00 (if IPT is the Trustee)

$160.00 (if IPT needs to be substituted in as Trustee)

These fees include everything:  Trustee fee, recording fee, service fee for electronic filing

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Posted on October 18, 2012 in TITLE INFORMATIONLeave a comment
DIFFERENT DEEDS AND WHAT THEY MEAN

Conditions attached to the acceptance of a deed are known as conditions.  In the transfer of real estate, a deed conveys ownership from the old owner (the grantor) to the new owner (the grantee), and can include various warranties.  The precise name of these warranties differ by jurisdictions.  However, the basic difference between them is the degree to which the grantor warrants the title.

BARGAIN AND SALE DEED: This implies that the grantor has the right to convey title but makes no warranties against encumbrances.  This type of deed is most commonly used by court officials or fiduciaries that hold property by force of law rather than title, such as properties seized for unpaid taxes and sold at sheriff’s sale.

DEED OF TRUST:  This is used as an equivalent to a mortgage.  A trust deed isn’t like the other types of deeds; it’s not used to transfer property directly.  It is commonly used in some states (Washington, for example) to transfer title to land to a “trustee”, usually a trust or title company, which holds the title as security (“in escrow”) for a loan.

ESTOPPEL BY DEED: A type of estoppel that prevents a person from denying the truth of anything that he or she stated in a deed, especially regarding who has valid ownership of the property.  For example, someone who grants a deed to real estate before he actually owns the property can’t later go back and undo the sale for that reason if, say, the new owner strikes oil in the back yard.

GRANT DEED:  This is used for the transfer of property from one person to another person.  Each party is required to sign it.  Then the document must be notarized, or marked accordingly to show that it was signed before a Notary Public.  The reason the document must be notarized is that these transactions are frequently forged.

QUIT CLAIM DEED:  This is a term used in property law to describe a document by which a person (the “grantor”) disclaims any interest the grantor might have in a piece of property, and passes that claim to another person (the “grantee”).

SHERIFF’S DEEDThis is a deed issued to the buyer of property that was sold under court order to pay off a debt.

SPECIAL WARRANTY DEEDThis warranty may be limited only to claims which occur after the grantor obtained the real estate.

STATUTORY WARRANTY DEEDIt warrants title and not the quality or condition of improvements.

TAX DEED SALEThis is for a forced sale, conducted by a governmental agency, or real estate for nonpayment of taxes.  It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the tax lien sale.  Real estate taxes are considered delinquent if not paid within a specified period of time.  If the taxes are not paid, after notice is given to the property owner (as well as others holding an interest in the property, such as a mortgage company), the property is sold at public auction to the highest bidder.

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