[WSBARP] Waiver of Deficiency in Judicial Foreclosure

[Traci Shallbetter]

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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