[WSBARP] Redemption Period

[Patrick McDonald]

If all junior lienholders and the foreclosed owner are willing to assign their redemption rights to the trustee’s sale purchaser, you could have merger and the redemption period could be considered expired as a matter of law. You may be able to get an order requiring the sheriff to issue the sheriff’s deed once that happens. 

Patrick McDonald
________________________
Pody & McDonald, PLLC
1200 Fifth Avenue, Suite 1410
Seattle, WA 98101-3106
T: 206-467-1559
F: 206-467-4489


On Dec 3, 2015, at 11:10 AM, Jeanne Dawes <jjdawes at goregrewe.com> wrote:

> Dear Listmates:
>  
> Does anyone know of a way other than abandonment, to shorten a 12-month redemption period?  We have successfully completed a judicial foreclosure, and all foreclosed parties and lien holders are agreeable to assigning or waiving their redemption rights.  The property is unimproved property.  The Purchaser at the Trustee’s sale wishes to immediately begin marketing the property.  The real estate broker has indicated he will take a huge hit on price because of the redemption period exception on title. 
>  
> I’m looking for a way that the title company could remove the exception from title without the sheriff’s deed having been recorded; or a way to accelerate the redemption period to allow the sheriff’s deed to be recorded now.  The redemption period began in November.
>  
> Thank you in advance for your help.
>  
> Jeanne J. Dawes
> Attorney at Law
> Gore & Grewe, P.S.
> 103 E. Indiana Avenue, Suite A
> Spokane, WA 99207-2317
> Voice:  509-326-7500
> Fax:      509-326-7503
> jjdawes at goregrewe.com
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