[WSBAPT] Minimum bid for Trustee Sale

[Jim Doran]

Thanks Jay.

 

James R. Doran

Attorney at Law

100 E. Pine Street - Suite 205

Bellingham, WA 98225

(360)393-9506

 <mailto:jim at doranlegal.com> jim at doranlegal.com

www.doranlegal.com

 

From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jay Goldstein
Sent: Monday, August 17, 2015 12:41 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Minimum bid for Trustee Sale

 

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

 

J

 

Jay A. Goldstein



1800 Cooper Point RD SW NO. 8  |  Olympia, WA 98502  

Telephone 360.352.1970  |  Fax 360.357.0844 |   <http://www.jaglaw.net/>
www.jaglaw.net  

 <mailto:jay at jaglaw.net> jay at jaglaw.net

 

Nothing contained herein should be construed as legal advice.

The purpose of this email is to transmit a message or document.

Should you not be the intended recipient of this email message,

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From: wsbapt-bounces at lists.wsbarppt.com
<mailto: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 <mailto: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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