[WSBAPT] Minimum bid for Trustee Sale

[Jay Goldstein]

You might want to review RCW 61.24.100-which may answer your questions

J

Jay A. Goldstein
[cid:AEF18ED8-6AEE-403C-99E7-30A379E62D84 at local]
1800 Cooper Point RD SW NO. 8  |  Olympia, WA 98502
Telephone 360.352.1970  |  Fax 360.357.0844 |  www.jaglaw.net<http://www.jaglaw.net/>
jay at jaglaw.net<mailto:jay at jaglaw.net>

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jim Doran
Sent: Monday, August 17, 2015 12:10 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Minimum bid for Trustee Sale

Hello Listies:

How do you set the minimum bid for a foreclosure trustee sale?

There are the standard fees that are added to the principal and interest and late fees. Those are things like the cost of title search, publication, filing and service fees, property taxes, attorney's fees, trustee's fees, and a few other out of pocket expenses.

In this case the beneficiary has had to deal with a long drawn out bankruptcy and difficult negotiations that failed.  Can the beneficiary charge all his attorney fees to the minimum bid?

Can the beneficiary mark the minimum bid up to whatever amount he wants or are there some rules or statutes about how we set the minimum bid?

Thank you.

James R. Doran
Attorney at Law
100 E. Pine Street - Suite 205
Bellingham, WA 98225
(360)393-9506
jim at doranlegal.com<mailto:jim at doranlegal.com>
www.doranlegal.com<http://www.doranlegal.com>

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