Washington

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

Transfer ownership of a Washington property from a seller to a trustee with this Washington Deed of Trust form.

• A Deed of Trust is an alternative for a mortgage loan when purchasing real estate property (other than agricultural land).
• The title to the property is conveyed to a trustee instead of to the purchaser. The trustee holds the title to ensure that the purchaser honors its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the borrower defaults in making a payment, the entire balance becomes due and payable and the trustee can sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The property cannot be land that is used principally for agricultural purposes.

Prepare a Request for Full Reconveyance with this easy template form for Washington.

• The form is used in connection with a promissory note and Deed of Trust executed as part of a real estate purchase.
• Once the note has been paid off, the holder of the note uses the Request form to instruct the trustee to transfer the property to the purchaser.
• The property is transferred without warranty.

To obtain a copy of the Washington Request for Full Reconveyance, put it in your shopping cart, go through the checkout and pay for the form. You will then be able to download it.

Appoint a new trustee to replace a resigning trustee under a Deed of Trust with this Washington Resignation and Appointment of Successor Trustee.

• A Deed of Trust is used in place of a mortgage in the sale and purchase of real property other than agricultural farm land.
• The form should be filed in the same title office as the original Deed of Trust.
• Downloadable form, easy to fill in and use. Fully editable so you can make any necessary changes.
• Available in MS Word format.
• Intended to be used only in the State of Washington.

The Statement of Occupancy and Financial Status is part of the mortgage paperwork required for a home purchase loan in Washington State.

• Have the purchasers complete the form so you can submit it to FHA, FNMA, FHLMC, or Department of Veterans Affairs (whichever is applicable).
• The purchasers must certify that (i) they will occupy the property as their residence, and (ii) there has been no significant change to their financial status since their mortgage loan application.

The Washington Statement of Occupancy and Financial Status form is provided in MS Word format. Download a copy now - it's free.