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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I'm not offering a referral, but on statute of limitations, here's info re running the limitation against an installment note, from some research I did a while
back:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">S/L on an installment note is separate for each missed payment, unless the total amount is accelerated. Here's the authority quoted in an unpublished case,
<u>Kirsch v. Cranberry Financial LLC</u>, 69959-8-I (Div. 1, December 23, 2013): <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Generally, actions based on written contracts must be commenced within six years after breach. RCW 4.16.040. The general rule for debts payable by installment
provides, "A separate cause of action arises on each installment, and the statute of limitations runs separately against each ...." 31 Richard A. Lord,
<u>Williston on Contracts</u> § 79:17, at 338 (4th ed. 2004); <u>see also</u> 25 David K. Dewolf, Keller W. Allen & Darlene Barrier Caruso,
<u>Washington Practice: Contract Law and Practice</u> § 16:20, at 196 (2012-13 Supp.) ("Where a contract calls for payment of an obligation by installments, the statute of limitations begins to run for each installment at the time such payment is due");
<u>Hassler v. Account Brokers of Larimer County. Inc.</u>. 274 P.3d 547, 553 (Colo. 2012) (same);
<u>Bay Area Laundry & Dry Cleaning Pension Trust Fund v. Ferbar Corp. of CaL</u> 522 U.S. 192, 208-09, 118 S.Ct. 542, 139 L.Ed.2d 553 (1997) (same).<b>[9]</b> But if an obligation that is to be repaid in installments is accelerated— either automatically by
the terms of the agreement or by the election of the creditor pursuant to an optional acceleration clause—the entire remaining balance of the loan becomes due immediately and the statute of limitations is triggered for all installments that had not previously
become due. 31 Richard A. Lord, <u>supra</u>, § 79:17, at 338; § 79:18, at 347-50; 12 Am.Jur.2d,
<u>Bills & Notes</u> § 581 (same); <u>Bay Area</u>, 522 U.S. at 208-09 (same). The statute of limitations commences upon maturity of a note.
<u>A.A.C. Corp. v. Reed</u>. 73 Wn.2d 612, 615, 440 P.2d 465 (1968). <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">FN 9</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> reads:
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Kirsch contests this rule, arguing that Cranberry cites distinguishable family law cases for the proposition that the statute of limitations runs against each
installment separately. Though some of Cranberry's cited cases are family law cases, they describe a general proposition of contract law applying to all contracts in which installment payments are due. Further, some of those family law cases cite 82 A.L.R.
316 (1931), which addresses in general terms, "[w]hen Statute of Limitations begins to run against an action to recover upon contract payable in installments" and describes the general rule: "The general rule in such a case is similar to the general rule herewith
noted in the case of contract obligations, it having been held that the Statute of Limitations begins to run from the expiration of the period fixed for the payment of each installment as it becomes due, for the part then payable."
<u>See</u> <u>Herzog v. Herzog</u>, 23 Wn.2d 382, 388, 161 P.2d 142 (1945).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">Sincerely,<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt"><o:p> </o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">Eric<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt"><o:p> </o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">Eric C. Nelsen<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">SAYRE LAW OFFICES, PLLC<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">1417 31st Ave South<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">Seattle WA 98144-3909<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">phone 206-625-0092<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">fax 206-625-9040<o:p></o:p></span></p>
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<span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt"><o:p> </o:p></span></p>
<p class="MsoNormal" style="punctuation-wrap:hanging;text-autospace:ideograph-numeric ideograph-other">
<b><span style="font-family:"Calibri","sans-serif";color:red;position:relative;top:0pt;mso-text-raise:0pt">Please Note that We Have Moved.</span></b><b><span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">
</span></b><span style="font-family:"Calibri","sans-serif";color:#1F497D;position:relative;top:0pt;mso-text-raise:0pt">We have moved our Seattle office to Mount Baker Ridge (a small commercial community just above the I-90 tunnel).
<b>Our new address is 1417 31st Avenue South, Seattle WA 98144. </b>All other contact information remains the same.<o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext;position:relative;top:0pt;mso-text-raise:0pt">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext;position:relative;top:0pt;mso-text-raise:0pt">
wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>
On Behalf Of </b>Gregory L. Gilday<br>
<b>Sent:</b> Friday, August 11, 2017 9:57 AM<br>
<b>To:</b> WSBA RPPT Real Property Discussion Forum<br>
<b>Subject:</b> [WSBARP] Foreclosure question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a friend who has a deed of trust foreclosure sale scheduled two weeks from now in Island County. He has not made a payment in nine (9) years, and he says he has signed nothing with the lender in that 9 year period. I am thinking
the statute of limitations will be his friend. Comments and referrals (including self) are solicited.
<br>
<br>
Thank you in advance. <o:p></o:p></p>
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-- <br>
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<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Very Truly Yours,<o:p></o:p></p>
<p class="MsoNormal">Gregory L. Gilday <o:p></o:p></p>
<p class="MsoNormal">Law Office of Cole & Gilday, P.C. <o:p></o:p></p>
<p class="MsoNormal"><i> </i><o:p></o:p></p>
<p class="MsoNormal">10101 - 270th St. NW <o:p></o:p></p>
<p class="MsoNormal">Stanwood, WA 98292 <o:p></o:p></p>
<p class="MsoNormal">(360) 629-2900 (Telephone) <o:p></o:p></p>
<p class="MsoNormal">(360) 629-0220 (Fax) <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">This message contains confidential and privileged information that is intended only for the named recipient(s). Unless you are the named recipient or authorized agent thereof, you are prohibited from reading, copying, distributing or otherwise
disseminating such information. If you receive this communication in error, please notify the sender immediately.<o:p></o:p></p>
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