[WSBARP] Excess proceeds in judicial foreclosure of DOT

[Valentine, Gretchen (TRGC)]

See RCW 6.21.110(5).



Gretchen Valentine
VP and NW Regional Underwriting Counsel
Title Resources Guaranty Company
12201 SE 8th Street, Suite 200
Bellevue, WA 98004
425-896-3836 (direct)
425-451-7301 (office)
206-962-7744 (cell)
Gretchen.Valentine at TitleResources.com<mailto:Gretchen.Valentine at TitleResources.com>
________________________________
From: wsbarp-bounces at lists.wsbarppt.com [wsbarp-bounces at lists.wsbarppt.com] on behalf of Craig Blackmon [craig at lawofficeofcraigblackmon.com]
Sent: Wednesday, May 11, 2016 2:08 PM
To: WSBA Real Property List Serve
Subject: [WSBARP] Excess proceeds in judicial foreclosure of DOT

'Mates, I spent 10 minutes looking for the answer and decided to just ask The Group:

If a DOT is foreclosed judicially and sold following a default (or for that matter any other) judgment, what happens to any excess proceeds following payment of costs and all junior liens? Are the foreclosed defendants (i.e. those with a presumed or possible interest in the property) entitled to any of those proceeds?

I would think not since their interest is extinguished by the judgment. And obviously there usually isn't any excess. But what if there are - who gets it?

Thanks for your insight.

Craig


Craig Blackmon, Attorney at Law
FSBO Law Center<http://fsbolawcenter.com>
655 S. Orcas St., Ste. 100 Seattle WA 98108
Office: (206) 504-1932   Cell: (206) 369-5949
How to Buy Without an Agent<http://fsbolawcenter.com/blog?category=Buy%20Without%20an%20Agent> | How to Sell FSBO<http://fsbolawcenter.com/blog?category=How%20to%20FSBO> | RE Glossary<http://fsbolawcenter.com/blog?category=Real%20Estate%20Glossary>
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