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<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Unfortunately, Mr. Winslow is correct with regard to the statute of limitations running with regard to installments.
<i>Edmundson v. Bank of America</i>, 194 Wash.App.920.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">The typical Due on Sales/Transfer provision only gives the secured party the right to accelerate the debt or impose other conditions upon a sale or transfer. It does
not automatically accelerate the debt, so the statute of limitations is not triggered until the lender acts on its rights. You should review the specific language of the document.</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Thomas H. Oldfield<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">OLDFIELD LAW OFFICE<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">253-414-3510 - Direct<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">253-229-9983 - Cell<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Mike Winslow<br>
<b>Sent:</b> Wednesday, February 28, 2018 2:51 PM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv' <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Sheriff's Deed<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Attached are two pages of research summary on this topic. Part if it was produced by Eric Nelsen, a contributor to this list.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">SOL runs as installments in default exceed six years, but only as to each installment.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Given that the loan documents have already been breached, as to the Due on Transfer/sale provisions, by the Sheriff’s deed, there may be an argument that the SOL has run on the Note and DOT in aspects other than
the installment payment issue. More research and review of the loan documents would be necessary to determine the validity of that argument. But worth looking into.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">The Quiet Title Act has a section on Outlawed Deeds of Trust. 7.28.300<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D">Michael A. Winslow<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">1204 Cleveland Ave.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Mount Vernon, WA 98273<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Ph. 360-336-3321<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Em. <a href="mailto:Mike@winslegal.com">
Mike@winslegal.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">This message is from an attorney, so it’s confidential. If you are not the intended recipient, it’s too late to stop reading this message, but you may not use it for any improper purpose. Huge Disclaimer available
upon request.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Wednesday, February 28, 2018 1:22 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> Re: [WSBAPT] Sheriff's Deed<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Jim, without doing any research and vaguely recalling previous posts asking the same question and noticing then that there was no clear answer, several people cited RCW
4.16.040 for the proposition that the statute of limitations is six years on the underlying obligation as long as no one has been making payments for at least that long.
<i>If</i> this is true, it seems to me that a quiet title action is appropriate.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="Paul_A__Neumiller"><img border="0" width="250" height="150" style="width:2.6083in;height:1.5666in" id="_x0000_i1025" src="cid:image001.jpg@01D3B0AF.93BD52E0"></a><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Times New Roman",serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">mailto:wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Jim Doran<br>
<b>Sent:</b> Wednesday, February 28, 2018 12:08 PM<br>
<b>To:</b> Real Property Section <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Sheriff's Deed<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">Hello Listies:</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">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. </span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">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.</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">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?</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">If there is a good defense, we would file for a restraining order against the Trustee Sale.</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">Thank you in advance.</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt">James Doran</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt"><br clear="all">
</span><o:p></o:p></p>
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<p class="MsoNormal">James R. Doran<o:p></o:p></p>
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<p class="MsoNormal">Attorney at Law<o:p></o:p></p>
</div>
<p class="MsoNormal">100 E. Pine Street - Suite 205<o:p></o:p></p>
</div>
<p class="MsoNormal">Bellingham, WA 98225<br>
(360)393-9506<o:p></o:p></p>
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<p class="MsoNormal"><a href="mailto:jim@doranlegal.com" target="_blank">jim@doranlegal.com</a><o:p></o:p></p>
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<p class="MsoNormal"><a href="https://eur02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.doranlegal.com&data=02%7C01%7C%7Ce920cca2e0a74587c9f808d57ee7b165%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636554455932102254&sdata=TISNMhxOxYufULjug%2Byl%2B4I9hKtG%2FfVEZfEBcnuFWQc%3D&reserved=0" target="_blank">www.doranlegal.com</a><o:p></o:p></p>
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