[WSBARP] PN and DOT enforcable against the borrower after years of nonpayment?

[Ryan P. Coon]

Dear Listies,

Client purchased a vacant parcel in 2003, seller financed via Promissory 
Note and Deed of Trust. Client stopped making payments on the Note 
during the 2008 housing crash and hasn't made any payments since. No 
attempts have been made to collect on the balance owed and no 
foreclosure attempted. Clients also haven't paid property taxes since 
sometime in 2008 or 2009. Someone has paid property taxes to prevent 
foreclosure, Client suspects the seller/lender.

Client now wonders whether, after 12-13 years of nonpayment, they can 
clear title in their name without paying the balance on the Note.

Any thoughts on what Clients options are? Can they claim Statute of 
Limitations? Adverse possession?

-- 

Very Truly Yours,

Ryan P. Coon

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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