Legal Question in Real Estate Law in Washington

Re: mortgage transfer

Real estate forms are available on line at wsba.org. But you'll want to review your current mortgage to be sure that your lender will allow you to do this without penalty.

Chances are you agreed not to make any transfers without their formal permission and approval.

You are proposing a transaction that might not be in your best interest. Please contact local counsel for advice before you sign anything.

I cannot tell you the clients that I have who say, "it seemed like a good idea at the time", and then a few years later they are in a world of hurt based on notions like this.

Elizabeth Powell