[WSBARP] Tax Sale Issue

[Rod Harmon]

Mark:
A secured lender has the right to pay the delinquent tax. The lender could probably get away with just paying the oldest year's delinquency. And then the lender adds that on to the debt already owed to the lender, and forecloses.
Getting a deed in lieu of foreclosure would work too.
But bidding at the tax sale would not work at all.


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<http://www.rodharmon.com/>
   rodharmon at msn.com<mailto:rodharmon at msn.com>

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Mark Anderson
Sent: Thursday, October 31, 2024 3:08 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Tax Sale Issue

Dear All:

Client is the holder of a note secured by a deed of trust for residential real property located here in Washington.  The owner of the property is delinquent in his payments under the note.  Client has not yet initiated foreclosure proceedings.  The owner is also delinquent in paying property taxes and a tax foreclosure sale is scheduled.  As I see it, Client has two options:


  *   Get a deed in lieu of foreclosure from the owner and then pay off the tax lien prior to the tax sale; or
  *   Wait for the tax sale and bid the balance of the note.

Do you favor one approach over the other?  Or are there other options?

Thanks.

Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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