[WSBARP] Foreclosure of Tenant in Common Interest?

[John M. Riley III]

If both signed the note, then look at whether or not a foreclosure sale and judgment sheriffs sale gets you the entire property.

John Riley



John M. Riley, III
Principal | Witherspoon • Kelley
jmr at witherspoonkelley.com<mailto:jmr at witherspoonkelley.com> | Attorney Profile<http://www.witherspoonkelley.com/john-riley-1> | vCard<http://www.witherspoonkelley.com/s/jmr.vcf>

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Rob Rowley
Sent: Wednesday, August 10, 2016 8:23 AM
To: WSBA RPPT
Subject: [WSBARP] Foreclosure of Tenant in Common Interest?

Any thoughts, or stories or recommendations for the judicial foreclosure of a commercial property where the beneficiary has a note and deed of trust signed by one of the tenants in common in the property.  Tenant in common owns 50% of the commercial building and the note has matured.  I suspect that when the deed of trust was being executed that the lender at the time intended to have all of the tenants in common execute the deed of trust, but they didn't.

Thanks for the input.

[cid:image001.jpg at 01D1F301.4BCF9FF0]Robert R. Rowley | Attorney at Law
7 S. Howard St, Suite 218
Spokane, WA  99201
Telephone: (509) 252-5074
Mobile: (509) 994-1143
Facsimile: (509) 928-3084
Email: rob at rowleylegal.com<mailto:rob at rowleylegal.com>
Web Site: www.rowleylegal.com<http://www.rowleylegal.com/>

Practice concentrated on business, real estate and general legal matters in Washington and Idaho.

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