[WSBARP] Successful Vacating of Contract Forfeiture RCW 61.30.140

[Bickel, Dwight]

The easy way is for the seller to sign a new contract with the specific new terms, of course referencing cancellation of the prior reinstatement.

An alternative is to obtain an Order of Rescission of Forfeiture where the operative paragraphs rescind the Declaration of Forfeiture, restore the rights of the purchaser, nunc pro tunc to the date of the Declaration of Forfeiture, declare the seller remains the fee owner subject to all the rights of the purchaser set forth in the original contract, state that all prior defaults are cured and probably state the exact principal balance as of a certain date. If the court is in the same county, no recording of the Order is required. But I would record it anyway because the real property records might not show the pending litigation.

________________________________
NOTICE: The information contained in this message is proprietary and/or confidential and may be privileged. If you are not the intended recipient of this communication, you are hereby notified to: (i) delete the message and all copies; (ii) do not disclose, distribute or use the message in any manner; and (iii) notify the sender immediately.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20170214/0cad4624/attachment.html>