[WSBARP] SOL Calculation for Foreclosure Action
Tom J. Westbrook
tjw at w3net.net
Tue May 26 13:05:29 PDT 2015
Oscar,
The SOL on a written agreement (promissory note or deed of trust) is 6 years from date of default.
http://apps.leg.wa.gov/rcw/default.aspx?cite=4.16.040
Sincerely,
Tom
Thomas J. Westbrook
Attorney at Law
Rodgers, Kee & Card, P.S.
324 West Bay Drive NW, Suite 201
Olympia, Washington 98502
Phone: 360-352-8311
Facsimile: 360-352-8501
Email: tjw at buddbaylaw.com
Skype: thomas.westbrook
www.buddbaylaw.com
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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Oscar Yang, Esq.
Sent: Tuesday, May 26, 2015 12:31 PM
To: WSBA Real Property Listserv
Subject: [WSBARP] SOL Calculation for Foreclosure Action
Dear Listmates:
I know in another state, there were some debates on when the SOL should start running for foreclosure actions (for example, among the last payment date by the borrower, the acceleration payment date, the first date to fail to make a full monthly payment, etc). What date does WA use to calculate the SOL of a foreclosure action? Many foreclosure actions that I have seen are well within the SOL period, but I still want to calculate it correctly. I apologize if this question sounds too basic.
Kind regards,
Oscar Yang
Managing Attorney
ES BERRY LAW PC
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