[WSBAPT] Sheriff's Deed

[Jim Doran]

Yes.  Thank you.  I am aware of this.  If the note has not been accelerated
it may be possible that at least some of the installments are time barred.
Just a calculation headache.

I am thinking about the adverse possession angle.  Open, notorious, with a
claim of right....etc.  Paid taxes.  More than ten years.  He hasn't paid
on the note and he has occupied the premises.  That sounds like legal
adversity.

Any thoughts?

Jim


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

On Wed, Feb 28, 2018 at 2:42 PM, Doug Owens <dougowens at seattlerelawyer.com>
wrote:

> Dear Jim, RCW 7.28.300 provides some relief but it is very fact
> dependent.  If the loan was in default eight years ago, and especially if
> Citi accelerated the loan at that time, then this statute might help.
> Yours truly, Doug Owens
>
> On Feb 28, 2018, at 12:08 PM, Jim Doran <jim at doranlegal.com> wrote:
>
> Hello Listies:
>
> A client purchased a property at the Sheriff's Sale for condo fees, etc.
> in 2007.  My client tried many times to reach a deal with the underlying
> Deed of Trust and Note holder, CitiMortgage, but was never responded to.
> That was nine and eight years ago.  Two and a half years ago I tried to
> work out a deal with CitiMortgage that never came to any fruition.  The
> lights are on but no one is home.  The underlying Deed of Trust and Note
> holder, CitiMortgage, is now non-judicially foreclosing on the underlying
> debt.
>
> It is my understanding that the Sheriff's Deed is subordinate to the
> original Deed of Trust and Note.  In order to protect his interest, my
> client needs to purchase the property at the Trustee's Sale, correct?  Or
> make a deal with CitiMortgage before the Trustee's Sale.
>
> However, because my client diligently tried to resolve this many years ago
> he wants me to see if the statute of limitations, or any other defense, can
> strip the underlying debt held by CitiMortgage away from the property.
>  Does adverse possession work?  Laches and estoppel and other equitable
> remedies my be useful.  Any other ideas?
>
> If there is a good defense, we would file for a restraining order against
> the Trustee Sale.
>
> Thank you in advance.
>
> James Doran
>
> James R. Doran
> Attorney at Law
> 100 E. Pine Street -  Suite 205
> Bellingham, WA 98225
> (360)393-9506 <(360)%20393-9506>
> jim at doranlegal.com
> www.doranlegal.com
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