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</v:background></xml><![endif]--><div class=WordSection1><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext;mso-ligatures:none'>Ashley, you may have seen this case. I don’t see a case cite and don’t have access to the full article, but this showed up in an email from the publication “The Legal Description”:<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext;mso-ligatures:none'><o:p> </o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=641 style='width:480.75pt;margin-left:.5in;background:white'><tr><td valign=top style='padding:0in 0in 0in 0in'><h1 style='margin-bottom:11.25pt'><span style='font-size:13.5pt;font-family:"Arial",sans-serif;color:#0066A4'>Who bears risk of loss after escrow agent defalcation?<o:p></o:p></span></h1></td></tr></table><p class=MsoNormal style='margin-left:.5in'><span style='display:none'><o:p> </o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=641 style='width:480.75pt;margin-left:48.0pt;background:white;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><tr><td valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal style='margin-bottom:15.0pt'><i><span style='font-size:9.0pt;font-family:"Arial",sans-serif'>Court Report<o:p></o:p></span></i></p><p class=MsoNormal style='margin-bottom:15.0pt'><span style='font-size:9.0pt;font-family:"Arial",sans-serif'>Wednesday, April 10, 2024<o:p></o:p></span></p></td><td valign=top style='padding:0in 26.25pt 0in 0in'></td></tr></table><p class=MsoNormal style='margin-left:.5in;line-height:15.0pt;background:white'><span style='font-size:10.5pt;font-family:"Arial",sans-serif'>The Court of Appeals of Washington recently determined who bore the risk of loss after an escrow agent absconded with the escrow funds before the escrow conditions were satisfied. The trial court had concluded the borrower bore the risk and dismissed the borrower’s claims against the lending entities, and the borrower appealed.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext;mso-ligatures:none'>Might this be worth checking out?<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext'>George<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>George Peters, WTP<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>Executive Director<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>Washington Land Title Association<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext'><a href="https://washingtonlandtitle.com"><span style='color:#0563C1'>https://washingtonlandtitle.com</span></a> </span><span style='font-family:"Times New Roman",serif;color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>Mail: PO Box 328, Lynnwood, WA 98046<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>Delivery: 6817 208<sup>th</sup> St SW, #328, Lynnwood, WA 98036<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>206-437-5869 (Mobile)<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:#1F497D'>206-260-4731 (Fax)<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext'><a href="mailto:execdirector@wltaonline.org"><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:blue'>execdirector@washingtonlandtitle.com</span></a></span><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext'><img border=0 width=169 height=97 style='width:1.7583in;height:1.0083in' id="Picture_x0020_1" src="cid:image002.jpg@01DA8BFA.A25B7AC0" alt="WLTA Logo w-Ring Blue 1a"><img border=0 width=95 height=95 style='width:.9916in;height:.9916in' id="Picture_x0020_2" src="cid:image003.jpg@01DA8BFA.A25B7AC0"></span><span style='font-family:"Times New Roman",serif;color:windowtext'><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif;color:windowtext'>This is a confidential communication intended solely for the named recipient. If you are not the intended recipient, please destroy it and call George Peters at 206-437-5869 immediately. Thank you.<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>