Washington Seller Disclosure Statement - Improved Property

• 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.

Transfer a real estate property in the State of Washington from a seller to a buyer with this easy-to-use Washington Warranty Deed form.

• that the grantor has good and marketable title to the property,
• that the grantor has the legal right and authority to transfer the title to the buyer, and
• that the grantor will forever defend the right of the grantee to possess the property.