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<p class="MsoNormal">I have seen trustees state the opening bid has been provided by the beneficiary of the note at the minimum amount to clear the debt and then state the next bid must be $X amount above that bid to cover the trustees costs in processing and
depositing surplus with the court.<o:p></o:p></p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: ARIAL"><br><strong>Marcus
J. Fry</strong><br>Attorney | Witherspoon • Kelley<br><a href="mailto:mjf@witherspoonkelley.com">mjf@witherspoonkelley.com</a> | <a href="https://www.witherspoonkelley.com/marcus-j-fry">Attorney Profile</a>
| <a href="https://www.witherspoonkelley.com/s/mfj.vcf">vCard</a></p><br>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: Arial" align="right"><font color="#ffffff">222 N. 3rd Street<br>Yakima, WA 98901<br>(509)
248-7220 (office)<br>(509) 575-1883 (fax)<br>witherspoonkelley.com</font></p></td></tr></tbody></table><font color="#828282"><span style="FONT-SIZE: 8pt"><br><em>Confidentiality Notice: The
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Rod Harmon<br>
<b>Sent:</b> Wednesday, October 27, 2021 7:44 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Trustee Sale Opening Bid<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Rich:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I would think that the opening bid would only consist of what is listed in the notice of trustee’s sale and notice of default. Nothing more. As a practical matter, if the beneficiary is the only bidder, so what if it underbid?<o:p></o:p></p>
<p class="MsoNormal">If a third party bids, then there will be a surplus from which the trustee is entitled to deduct his fees and costs to deposit the surplus in court. If the surplus is de minimis, like $1, most trustees don’t bother to deposit.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D">Rod Harmon</span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D"> </span></b><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D">RODNEY T. HARMON</span></b><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif;color:#1F497D"> Attorney at Law</span></b><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> P.O. Box 1066</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> Bothell, WA 98041</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> Tel: (425) 402-7800</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> Fax: (425) 458-9096</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> <a href="https://link.edgepilot.com/s/5c06ef4d/6RivErfJ10aTfVfVf7ygTA?u=http://www.rodharmon.com/"><span style="color:#0563C1">https://link.edgepilot.com/s/5c06ef4d/6RivErfJ10aTfVfVf7ygTA?u=http://www.rodharmon.com/</span></a></span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> <a href="mailto:rodharmon@msn.com"><span style="color:#0563C1">rodharmon@msn.com</span></a></span><o:p></o:p></p>
<p class="MsoNormal" style="margin-top:6.0pt"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">
wsbapt-bounces@lists.wsbarppt.com</a> <b>On Behalf Of </b>Rich McEntee<br>
<b>Sent:</b> Wednesday, October 27, 2021 12:23 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Trustee Sale Opening Bid<o:p></o:p></p>
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<p class="MsoNormal">Good afternoon<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">This is a cross post from another listserv. I apologize for duplication.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">I have a question regarding an upcoming trustee sale that I am handling. In putting together the opening credit bid to be made by the beneficiary at the sale, I am wondering if there are any miscellaneous items that should be included that
don’t immediately stand out, i.e. do you include the superior court filing fee that would be paid to the clerk in the event of a surplus get included? are there other fees that I am missing? Does anyone have a “cheat sheet” that they would be wiling to share?
Or general thoughts and strategy regarding setting the opening bid?<o:p></o:p></p>
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<p class="MsoNormal">Thank you<o:p></o:p></p>
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<p class="MsoNormal">Rich<o:p></o:p></p>
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<p class="MsoNormal"><b><u><span style="font-size:13.5pt;font-family:"Copperplate Gothic Bold",sans-serif;color:black">RICH McENTEE</span></u></b><span style="font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:13.5pt;font-family:"Copperplate Gothic Bold",sans-serif;color:black">McENTEE LAW OFFICE</span></b><span style="font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Copperplate",serif;color:black">3800 Bridgeport Way W, Ste A411</span><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Copperplate",serif;color:black">University Place, WA 98466</span><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Copperplate",serif;color:black">253.227.9894(m)</span><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Copperplate",serif;color:black"><a href="mailto:jrmcentee@gmail.com">jrmcentee@gmail.com</a></span><span style="font-family:"Helvetica",sans-serif;color:black"> <o:p></o:p></span></p>
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