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<p class="MsoNormal">So I guess the question then becomes what happens in that ‘gap’? If the sale took place but the deed wasn’t recorded within the 15 days, then it isn’t “final”. Which means …. What? Because that apparently is the issue. There WAS a sale.
As Mr. Ordal mentioned, I am hoping that since there really isn’t a “Confirmation of Sale” except in a judicial, that it was a judicial and we can draft the deed for the Sheriff since it is probably still in redemption anyway. But if not, if the sale was
never ‘finalized’ even though it did take place, is a second ‘sale’ – with all that entails - required? It really isn’t an issue of the debtor or any bidder, it’s the length of the process and frankly what will title require to underwrite. Still, I appreciate
the input. Time to start researching …<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Thanks,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Rich Holland<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:rich@pnwle.com"><span style="color:#0563C1">rich@pnwle.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt">733 7th Avenue, Suite 110<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Kirkland, WA 98033<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">425-836-6240 / 425-748-3901 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:9.0pt">The information contained in this communication, and in any attached document(s), is privileged and/or confidential, intended solely for the individual/entity to whom/which it was sent. If you are not the
intended recipient, you are hereby notified that any dissemination, distribution, or copying of this information is strictly prohibited. If you have received this email in error, please notify me immediately at the email address, mailing address, or telephone
or fax number above.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Rick Hoss<br>
<b>Sent:</b> Wednesday, July 20, 2016 9:49 AM<br>
<b>To:</b> 'WSBA Real Property Listserv' <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] Post FC sale issue<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D">For a nonjudicial foreclosure 61.24.050(1) says if the trustee accepts a bid then the sale is final as of the date of acceptance of bid so long as the trustee’s deed is recorded
within 15 days. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D">If no trustee deed is recorded within 15 days then the sale isn’t final.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D">If the sale is voided for some reason the trustee has to send Notice of Rescission of Trustee’s Sale, but this doesn’t have to be recorded.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D">If the sale is discontinued then the trustee records a notice of discontinuance under 61.24.090<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:#1F497D"><o:p> </o:p></span></p>
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<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">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Richard Holland<br>
<b>Sent:</b> Wednesday, July 20, 2016 9:15 AM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> [WSBARP] Post FC sale issue<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">So here’s an odd one. I just was contacted by a client who wanted to know what happens in the following situation:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">There is a foreclosure. (Not sure if it was judicial or not but I have requested all documentation they can give me).<o:p></o:p></p>
<p class="MsoNormal">There is a sale.<o:p></o:p></p>
<p class="MsoNormal">Confirmation of sale is provided to the client – but I am not sure if that was an email or an actual document.<o:p></o:p></p>
<p class="MsoNormal">No foreclosure deed (again, not sure if Sheriff’s or Trustee’s at this point) is ever even drafted let alone recorded because “they closed up shop”. ‘They’ apparently being the law firm.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I am getting documentation, as I said, but I am wondering if there is a time limit, particularly with a trustee’s sale, within which the trustee MUST convey. We are talking
<i>months</i> have passed. And if the ‘worst’ applies, does the entire FC have to be restarted?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Richard L. Holland<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><img border="0" width="175" height="78" style="width:1.8229in;height:.8125in" id="Picture_x0020_3" src="cid:image001.jpg@01D1E26F.1CCE1490" alt="logo-for-print.jpg"><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt">733 7th Avenue, Suite 110<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Kirkland, WA 98033<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">425-836-6240 / 425-748-3901 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:9.0pt">The information contained in this communication, and in any attached document(s), is privileged and/or confidential, intended solely for the individual/entity to whom/which it was sent. If you are not the
intended recipient, you are hereby notified that any dissemination, distribution, or copying of this information is strictly prohibited. If you have received this email in error, please notify me immediately at the email address, mailing address, or telephone
or fax number above.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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