[WSBARP] Waiver of Redemption Rights after Judicial Foreclosure?

[Kathleen Hopkins]

You will want to get an owner’s title insurance to insure clean title (or a date-down on the policy issued at time of the sale eliminating the redemption rights), the title company will tell you what they need to insure over the redemption.  The doctrine at issue is the “clogging the equity of redemption.”

Kathleen J. Hopkins
Real Property Law Group, PLLC
1326 Fifth Avenue, Suite 654
Seattle, WA 98101
Phone & Fax: (206) 625-0404
email: khopkins at rp-lawgroup.com
www.rp-lawgroup.com

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Danielle Flatt
Sent: Wednesday, January 14, 2015 1:54 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Waiver of Redemption Rights after Judicial Foreclosure?

Good Afternoon Listmates,
I'm looking for insight into waiving redemption rights after a judicial foreclosure.  May a judgment debtor in a judicial foreclosure waive or convey its right of redemption after the sale to the purchaser?  If so, what is the best instrument to use for the waiver?
What can the recipient of the waiver do to protect himself from the judgment-debtor later rescinding the waiver or arguing it was coerced into the waiver?


​Thank you,

DANIELLE FLATT | ATTORNEY | DIMENSION LAW GROUP PLLC
1900 S Puget Dr, Suite 203 | Renton, WA 98055
t: 206.973.3500 ext 126   |   f: 866.696.0892  | e: danielle at dimensionlaw.com<mailto:danielle at dimensionlaw.com> | www.dimensionlaw.com<http://www.dimensionlaw.com>

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