[WSBARP] specification of default for nonjudicial trustee's sale
Rod Harmon
rodharmon at msn.com
Tue Nov 29 11:48:28 PST 2016
Owner is behind in payments and lender has scheduled a trustee's sale. Buyer wants to buy Owner's interest subject to the DOT in foreclosure. But DOT has due on sale clause so Buyer understands that this will be a new event of default. Buyer wants to pay the reinstatement amount and pay the balance when he has flipped the property.
Upon tender of the reinstatement amount, could the trustee proceed with the trustee's sale because of the new default, or does trustee have to start all over and give notice of the new default and issue a new notice of trustee's sale?
Rod Harmon
RODNEY T. HARMON
Attorney at Law
P.O. Box 1066
Bothell, WA 98041
Tel: (425) 402-7800
Fax: (425) 458-9096
www.rodharmon.com
rodharmon at msn.com
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