[WSBARP] Successful Vacating of Contract Forfeiture RCW 61.30.140

[Paul Neumiller]

Yes, yes, yes.  Dwight,  thank you for your input to the listserve.

[cid:image001.jpg at 01D28776.1DE31E00]

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Rob Rowley
Sent: Wednesday, February 15, 2017 8:24 AM
To: Bickel, Dwight <Dwight.Bickel at fntg.com>; WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Successful Vacating of Contract Forfeiture RCW 61.30.140

Dwight,

You are one of the great resources on the RPPT.   Great wisdom and insight.  Especially for us solo practitioners who have no one to talk to except the walls. ☺

Thank you.


[cid:image002.jpg at 01D28776.1DE31E00]Robert R. Rowley | Attorney at Law
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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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From: Bickel, Dwight [mailto:Dwight.Bickel at fntg.com<mailto:Dwight.Bickel at fntg.com>]
Sent: Tuesday, February 14, 2017 3:06 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Cc: rob at rowleylegal.com<mailto:rob at rowleylegal.com>
Subject: RE: [WSBARP] Successful Vacating of Contract Forfeiture RCW 61.30.140

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.

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