[WSBARP] Waiver of Deficiency in Judicial Foreclosure

[Rob Wilson-Hoss]

If it is abandoned and improved that means no redemption period, for one
thing. No redemption period is a great result; if the defendants have no
money then the bank is not giving anything up by waiving the deficiency. 

 

Rob

 

 

Robert D. Wilson-Hoss 
Hoss & Wilson-Hoss, LLP 
236 West Birch Street 
Shelton, WA 98584 
360 426-2999

www.hossandwilson-hoss.com
rob at hctc.com

 

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From: wsbarp-owner at lists.wsbarppt.com
[mailto:wsbarp-owner at lists.wsbarppt.com] On Behalf Of Traci Shallbetter
Sent: Monday, August 25, 2014 10:19 AM
To: wsbarp at lists.wsbarppt.com; 'WSBA RPPT Real Property Discussion Forum'
Subject: [WSBARP] Waiver of Deficiency in Judicial Foreclosure

 

Bank has filed a judicial foreclosure action on a Deed of Trust that
contains a notice of sale provision.  The judicial foreclosure complaint
expressly waives any right to a deficiency.  It’s not clear to me why a
bank would judicially foreclose on a deed of trust if they are waiving a
right to a deficiency.  Any red flags/insight?

 

Traci Shallbetter

Shallbetter Law

The Best in Real Estate and Land Use

3201 Airport Road 

Cle Elum, WA 98922

Cell:  (509) 260-0037

 <http://www.shallbetterlaw.com> www.shallbetterlaw.com

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