[WSBARP] Receiver's powers

[Robert R. Cole]

Cl is vendor in Real Estate Contract.  Vendee/Property is in 
receivership.  Receiver can sell "free and clear of all liens and of all 
rights of redemption ...  with all security interests and other 
liens...attaching to the proceeds."  Receiver wants to sell property for 
much less than the amount owed on the REC.  But Vendor under the REC has 
"title" not a lien.  Question is, can the Receiver force the Vendor to 
accept less for the title?  Or is Vendor treated as a mere lienholder 
who can object or bid under RCW 7.60.260?

Thanks for your wisdom.

-- 

Very Truly Yours,

Robert R. Cole

Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW

Stanwood, WA 98292

(360) 629-2900 (Telephone)

(360) 629-0220 (Fax)

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