<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 12 (filtered medium)"><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:"Calibri Light";
panose-1:2 15 3 2 2 2 4 3 2 4;}
@font-face
{font-family:"Monotype Corsiva";
panose-1:3 1 1 1 1 2 1 1 1 1;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
span.EmailStyle19
{mso-style-type:personal-reply;
font-family:"Times New Roman","serif";
color:windowtext;
font-weight:normal;
font-style:normal;}
span.apple-converted-space
{mso-style-name:apple-converted-space;}
.MsoChpDefault
{mso-style-type:export-only;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'><span style='font-size:14.0pt'>Well, that’s pretty smart. My guess is, yes. I stress, “guess:” </span><span style='font-size:14.0pt;color:#212121'> </span><b><span style='font-size:14.0pt'>(1) Except to the extent permitted in this section for deeds of trust securing commercial loans, a deficiency judgment shall not be obtained on the obligations secured by a deed of trust against any borrower, grantor, or guarantor </span></b><span style='font-size:14.0pt'>after <b>a trustee's sale under that deed of trust.” RCW 61.24.100.</b><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt;text-indent:.5in'><span style='font-size:14.0pt'>We already know that the trustee shall sell to the highest bidder. RCW 61.24.040(4). And the borrower can bid. RCW 61.24.070(1) (anyone other than the trustee can bid). <o:p></o:p></span></p><p class=MsoNormal style='text-indent:.5in;line-height:15.1pt'><span style='font-size:14.0pt'>There is no provision for an upset price with nonjudicial foreclosures, and the right would run to the borrower anyway, not the lender. Generally, the quid pro quo was, redemption, right to upset price, and homestead rights were traded for no possibility of a deficiency decree. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><o:p> </o:p></span></p><p class=MsoNormal style='text-indent:.5in'><span style='font-size:14.0pt'>When we do foreclosures of liens, which are very similar to judicial foreclosures of deeds of trust, we always have to try to figure out who might do what and be prepared for eventualities. Do we want to bid the entire amount owing? What are the chances the property will need application of cash during the redemption period that won’t be compensated for in case of redemption? What are the chances the borrower or some other redemptioner will redeem? Do we want to bid over the credit bid? And so on.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><o:p> </o:p></span></p><p class=MsoNormal style='text-indent:.5in'><span style='font-size:14.0pt'>I never know what banks do and why they do it, but with a nonjudicial foreclosure, there is little incentive for them to do anything but credit bid. There isn’t going to be a deficiency judgment on residential property, and there isn’t going to be a question of redemption. Maybe if they were smart they would figure out how to calculate future costs of ownership (insurance, upkeep, HOA dues, costs of sale, etc. prior to re-sale), and discount their bid to an amount where if someone outbids them, it makes sense for them to let it go for less than the amount owing for cash now, but that seems beyond their capabilities. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'> <o:p></o:p></span></p><p class=MsoNormal style='text-indent:.5in'><span style='font-size:14.0pt'>So, the lesson is, I guess, once in (perhaps) ten thousand trustee’s sales, there will be no bid from the lender, and the owner should go to see if he or she can get the property for next to nothing. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'>Rob<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><o:p> </o:p></span></p><p class=MsoNormal style='text-autospace:none'><span style='font-size:14.0pt'>Robert D. Wilson-Hoss <br>Hoss & Wilson-Hoss, LLP <br>236 West Birch Street <br>Shelton, WA 98584 <br>360 426-2999<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><a href="www.hossandwilsonhoss.com">www.hossandwilson-hoss.com</a><br><a href="mailto:rob@hctc.com">rob@hctc.com</a></span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal style='text-autospace:none'><i><span style='font-size:11.0pt'>This message is intended solely for the use of the addressee and may contain information that is privileged, confidential, and exempt from disclosure under applicable law. If you are not the addressee, you are hereby notified that any use, distribution, or copying of this message is strictly prohibited. If you received this message in error, please notify us by reply e-mail or by telephone (call us collect at the number listed above) and immediately delete this message and any and all of its attachments. Thank you.<o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;text-transform:uppercase'>This office does debt collection and this e-mail may be an attempt to collect a debt, Any information obtained will be used for that purpose. </span></b><span style='font-size:10.0pt'>To the extent the Federal Fair Debt Collection Practices Act (15 U.S.C. § 1692) applies this firm is acting as a debt collector for the condominium/homeowners' association named above to collect a debt owed to it. Any information obtained will be used for collection purposes. You have the right to seek advice of legal counsel.</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>NC<br><b>Sent:</b> Thursday, June 23, 2016 12:30 PM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] Ownership of home post foreclosure auction<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Could the owner have shown up and bid one dollar?<br><br>On Thursday, June 23, 2016, Wendy Walter <<a href="mailto:WWalter@mccarthyholthus.com">WWalter@mccarthyholthus.com</a>> wrote:<o:p></o:p></p><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Jim,</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri","sans-serif"'>Here’s a relevant statute that discusses tolling events in the statute of limitations. </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:3.75pt'><b>RCW 4.16.230</b><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:3.75pt'><b>Statute tolled by judicial proceedings.</b><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-indent:.25in'>When the commencement of an action is stayed by injunction or a <span style='background:yellow'>statutory prohibition</span>, the time of the continuance of the injunction or prohibition shall not be a part of the time limited for the commencement of the action.<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>The foreclosure fairness act, now within RCW 61.24 et seq. prohibits a beneficiary from proceeding to foreclosure right away and instead requires certain due diligence, meet and confer and mediation steps to be taken in certain cases. I would argue that this is a statutory prohibition on commencement of an action and thus should not count against the beneficiary if the borrower were to challenge on the SOL defense.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Furthermore, the CFPB servicing rules, contained in 12 CFR 1024.41 similarly prohibit through federal rule the commencement of a foreclosure action by a beneficiary in certain circumstances. Before getting a borrower’s hopes up that the SOL might help them get out of their debt, consider the huge efforts that were made at a state and federal level to provide loss mitigation to so many borrowers in our state (and across the country). To come back and say that compliance with those efforts might prejudice the beneficiary from recovery on the debt, especially when the stakes are high and liability can be extreme for running the loss mitigation red lights put into effect is not likely to be supported by a court if you consider RCW 4.16.230.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Wendy Walter</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><span style='font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>|</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#002060'> </span><span style='font-size:9.0pt;font-family:"Calibri","sans-serif";color:#777777'>Partner - Pacific Northwest<i> </i></span><span style='font-size:10.0pt;font-family:"Calibri","sans-serif";color:#777777'>| Member State Bars of WA and OR</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;color:#1F497D'>McCarthy </span><span style='font-size:11.0pt;color:red'>♦</span><span style='font-size:11.0pt;color:#1F497D'> Holthus LLP</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> m. 108 1<sup>st</sup> Ave. S., Suite 300, Seattle, WA 98104 </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> d. 206.596.4844 | f. 206.780.6862 | c. 425.241.5459</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> e. <a href="javascript:_e(%7B%7D,'cvml','wwalter@mccarthyholthus.com');" target="_blank"><span style='color:#1F497D'>wwalter@mccarthyholthus.com</span></a></span><o:p></o:p></p><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Arizona </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>California </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Colorado </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦ </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Idaho </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> Nevada </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>New Mexico </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Oregon </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Texas </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Washington</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify'><span style='font-size:7.5pt;font-family:"Calibri","sans-serif";color:gray'>CONFIDENTIALITY NOTICE: The information contained herein may be privileged and protected by the attorney/client and/or other privilege. It is confidential in nature and intended for use by the intended addressee only. If you are not the intended recipient, you are hereby expressly prohibited from dissemination distribution, copy or any use whatsoever of this transmission and its contents. If you receive this transmission in error, please reply or call the sender and arrangements will be made to retrieve the originals from you at no charge.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:7.5pt;font-family:"Calibri","sans-serif";color:red'>Federal law requires us to advise you that communication with our office could be interpreted as an attempt to collect a debt and that any information obtained will be used for that purpose.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> <a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> [mailto:<a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Jim Doran<br><b>Sent:</b> Thursday, June 23, 2016 11:04 AM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] Ownership of home post foreclosure auction</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Wendy:<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>I am not clear in my own mind about how the foreclosure process tolls the statute of limitations. In general, how does that work? I am willing to learn. (I try not to but it happens anyway.) <o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Jim<br> <o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br clear=all><o:p></o:p></p><div><div><div><div><div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>James R. Doran<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Attorney at Law<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>100 E. Pine Street - Suite 205<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Bellingham, WA 98225<br>(360)393-9506<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="javascript:_e(%7B%7D,'cvml','jim@doranlegal.com');" target="_blank">jim@doranlegal.com</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="http://www.doranlegal.com" target="_blank">www.doranlegal.com</a><o:p></o:p></p></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>On Thu, Jun 23, 2016 at 10:12 AM, Wendy Walter <<a href="javascript:_e(%7B%7D,'cvml','WWalter@mccarthyholthus.com');" target="_blank">WWalter@mccarthyholthus.com</a>> wrote:<o:p></o:p></p><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>But if the lender was statutorily barred from proceeding to foreclosure because of the pre-foreclosure diligence, meet and confer requirements, or the mediation program and the potential CFPB delays to proceeding to foreclosure due to the 120 day rule or the bar on dual tracking while reviewing a complete loss mitigation application the SOL defense might not apply. </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Wendy Walter</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><span style='font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>|</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#002060'> </span><span style='font-size:9.0pt;font-family:"Calibri","sans-serif";color:#777777'>Partner - Pacific Northwest<i> </i></span><span style='font-size:10.0pt;font-family:"Calibri","sans-serif";color:#777777'>| Member State Bars of WA and OR</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;color:#1F497D'>McCarthy </span><span style='font-size:11.0pt;color:red'>♦</span><span style='font-size:11.0pt;color:#1F497D'> Holthus LLP</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> m. 108 1<sup>st</sup> Ave. S., Suite 300, Seattle, WA 98104 </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> d. <a href="tel:206.596.4844" target="_blank">206.596.4844</a> | f. <a href="tel:206.780.6862" target="_blank">206.780.6862</a> | c. <a href="tel:425.241.5459" target="_blank">425.241.5459</a></span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> e. <a href="javascript:_e(%7B%7D,'cvml','wwalter@mccarthyholthus.com');" target="_blank"><span style='color:#1F497D'>wwalter@mccarthyholthus.com</span></a></span><o:p></o:p></p><p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Arizona </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>California </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Colorado </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦ </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Idaho </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> Nevada </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>New Mexico </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Oregon </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Texas </span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:red'>♦</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D'> </span><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Washington</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify'><span style='font-size:7.5pt;font-family:"Calibri","sans-serif";color:gray'>CONFIDENTIALITY NOTICE: The information contained herein may be privileged and protected by the attorney/client and/or other privilege. It is confidential in nature and intended for use by the intended addressee only. If you are not the intended recipient, you are hereby expressly prohibited from dissemination distribution, copy or any use whatsoever of this transmission and its contents. If you receive this transmission in error, please reply or call the sender and arrangements will be made to retrieve the originals from you at no charge.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:7.5pt;font-family:"Calibri","sans-serif";color:red'>Federal law requires us to advise you that communication with our office could be interpreted as an attempt to collect a debt and that any information obtained will be used for that purpose.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> <a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> [mailto:<a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Jim Doran<br><b>Sent:</b> Thursday, June 23, 2016 10:09 AM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> Re: [WSBARP] Ownership of home post foreclosure auction</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>That's what I thought.<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Now, bring in the Statute of Limitations issue and the debt might be barred completely or at least partially. This depends on the time fromthe "acceleration" of the debt. but certainly some of the past due payments might have fallen off the debt.<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Jim Doran<o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br clear=all><o:p></o:p></p><div><div><div><div><div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>James R. Doran<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Attorney at Law<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>100 E. Pine Street - Suite 205<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Bellingham, WA 98225<br><a href="tel:%28360%29393-9506" target="_blank">(360)393-9506</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="javascript:_e(%7B%7D,'cvml','jim@doranlegal.com');" target="_blank">jim@doranlegal.com</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="http://www.doranlegal.com" target="_blank">www.doranlegal.com</a><o:p></o:p></p></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>On Thu, Jun 23, 2016 at 9:48 AM, Kathryn R. McKinley <<a href="javascript:_e(%7B%7D,'cvml','Kathryn.McKinley@painehamblen.com');" target="_blank">Kathryn.McKinley@painehamblen.com</a>> wrote:<o:p></o:p></p><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>The sale is only “final” if the Trustee accepts an offer and delivers the deed within 15 days. If that isn’t done, there is no sale and the Deed of Trust continues to encumber the property.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-family:"Calibri Light","sans-serif";color:#A50021'>Kathryn R. McKinley</span></b><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:10.0pt;font-family:"Calibri Light","sans-serif"'>Partner</span><span style='font-size:14.0pt;font-family:"Monotype Corsiva"'><br></span><br><span style='font-size:10.0pt;font-family:"Calibri Light","sans-serif"'>717 W. Sprague Ave. Suite 1200<br>Spokane, WA 99201<br><a href="tel:%28509%29%20455-6000" target="_blank">(509) 455-6000</a></span><span style='font-size:14.0pt;font-family:"Monotype Corsiva"'><br></span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a href="javascript:_e(%7B%7D,'cvml','cindy.bryan@painehamblen.com');" target="_blank"><span style='color:#0563C1'>kathryn.mckinley@painehamblen.com</span></a></span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> <a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> [mailto:<a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Paul Neumiller<br><b>Sent:</b> Thursday, June 23, 2016 9:29 AM<br><b>To:</b> 'WSBA Real Property Listserv'<br><b>Subject:</b> Re: [WSBARP] Ownership of home post foreclosure auction</span><o:p></o:p></p></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Whoa!?!?! I have never heard of this. Why would a bank do this?? I would think that the foreclosure process WAS completed because an auction took place at the court house steps. It’s not the debtor’s fault the bank didn’t credit bid its loan at the sale. Why couldn’t the debtor now make the argument that the loan has been wiped out by the sale and there is no deficiency opportunity because the lender used a nonjudicial foreclosure? Is anyone else seeing this? </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a name="m_2696558894975217755_m_7739787834401186"></a><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> <a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="javascript:_e(%7B%7D,'cvml','wsbarp-bounces@lists.wsbarppt.com');" target="_blank">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Jim Doran<br><b>Sent:</b> Thursday, June 23, 2016 8:06 AM<br><b>To:</b> <a href="javascript:_e(%7B%7D,'cvml','attorney@shanapavithran.com');" target="_blank">attorney@shanapavithran.com</a>; WSBA Real Property Listserv <<a href="javascript:_e(%7B%7D,'cvml','wsbarp@lists.wsbarppt.com');" target="_blank">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> Re: [WSBARP] Ownership of home post foreclosure auction.</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>If the home was not "purchased" at the sale then the foreclosure was not completed. No deed from the Trustee was delivered to a new owner. <o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>This means that your client is still the owner of the property. <o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>There are a number of defenses that can be raised in a foreclosure process to keep the bank and servicer at bay. Now that the great recession of 2008 is getting years past the statute of limitations defense is looming and working its way through the courts of America. The entire debt or part of it might now be barred.<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>anyway, if you client wants to talk to me a bout tis, or you want to, I am happy to do so. I have been doing "foreclosure defense" for a while now.<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Jim Doran<o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br clear=all><o:p></o:p></p><div><div><div><div><div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>James R. Doran<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Attorney at Law<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>100 E. Pine Street - Suite 205<o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Bellingham, WA 98225<br><a href="tel:%28360%29393-9506" target="_blank">(360)393-9506</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="javascript:_e(%7B%7D,'cvml','jim@doranlegal.com');" target="_blank">jim@doranlegal.com</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><a href="http://www.doranlegal.com" target="_blank">www.doranlegal.com</a><o:p></o:p></p></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>On Thu, Jun 23, 2016 at 4:49 AM, <<a href="javascript:_e(%7B%7D,'cvml','attorney@shanapavithran.com');" target="_blank">attorney@shanapavithran.com</a>> wrote:<o:p></o:p></p><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'> I have a client, whose home was foreclosed, pursuant to a trust deed foreclosure. The lender held an auction on 2/5/16. The value of the mortgage was approximately 230K appraised current value is approximately 155K. Though foreclosed, home was not sold at the auction. The bank did not bid at the auction or transfer ownership of the home to the bank's name. The home remains in the client's name. He still pays the water bill on it. He does not live there right now. What rights does he have regarding the home? Does the bank own it or does the client own it outright, as the mortgage is discharged by the foreclosure.</span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'> </span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'> </span><o:p></o:p></p></div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'>Shana Pavithran<br>Attorney-at-Law<br>Pavithran, PLLC.<br>22525 SE 64th Place, #279<br>Issaquah, WA 98027</span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'>Telephone: <a href="tel:%28425%29%20557-3625" target="_blank">(425) 557-3625</a></span><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt;background:white'><span style='color:black'>Email: <a href="javascript:_e(%7B%7D,'cvml','attorney@shanapavithran.com');" target="_blank">attorney@shanapavithran.com</a><br>Website: www. <a href="http://shanapavithran.com" target="_blank">shanapavithran.com</a></span><o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><b><span style='color:black'>CONFIDENTIAL: This email contains confidential and privileged matters. If you receive this email in error please notify sender and delete the email immediately. Do not copy the contents or disseminate the information contained therein.</span></b><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;background:white'><span style='color:black'> </span><o:p></o:p></p></div></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br>_______________________________________________<br>WSBARP mailing list<br><a href="javascript:_e(%7B%7D,'cvml','WSBARP@lists.wsbarppt.com');" target="_blank">WSBARP@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><o:p></o:p></p></blockquote></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br>_______________________________________________<br>WSBARP mailing list<br><a href="javascript:_e(%7B%7D,'cvml','WSBARP@lists.wsbarppt.com');" target="_blank">WSBARP@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p></div></div></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br>_______________________________________________<br>WSBARP mailing list<br><a href="javascript:_e(%7B%7D,'cvml','WSBARP@lists.wsbarppt.com');" target="_blank">WSBARP@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p></div></div></div><p class=MsoNormal><br><br>-- <o:p></o:p></p><div><div><p class=MsoNormal style='margin-bottom:12.0pt'>Nicholas L. Clapham<br>(206)939-0262<br><br>NOTICE- This email message may contain confidential and privileged <br>information. It is intended only for the named recipent(s) and may contain <br>attorney work product and/or information exempt from disclosure under <br>applicable law. Any unauthorized use is prohibited. If you are not the <br>intended recipient, please contact the sender by reply email and destroy <br>all copies of the original message. This does not constitute an electronic <br>signature.<br><br>Pursuant to U.S. Treasury Department Circular 230 and other IRS <br>regulations, unless we expressly state otherwise, any tax advice contained <br>in this communication (including any attachments) was not intended or <br>written to be used, and cannot be used, for the purpose of (i) avoiding <br>tax-related penalties or (ii) promoting, marketing or recommending to <br>another party any transaction or matter(s) addressed herein. <br><br><o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p></div></body></html>