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<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif";color:#1F497D">Hi Eric – thanks a lot for this. Looks like it is right on point!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">Andrew Hay<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">Hay & Swann PLLC</span></b><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">201 South 34th Street<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">Tacoma, WA 98418<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">Phone: (253) 272-2400</span><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black">Fax: (253) 267-8947<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Berlin Sans FB","sans-serif";color:black"><a href="http://www.washingtonlaw.net/"><span style="color:black">www.washingtonlaw.net</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:black">THIS IS A CONFIDENTIAL COMMUNICATION AND IS INTENDED FOR THE DESIGNATED RECIPIENT ONLY. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY THE
SENDER IMMEDIATELY AND DESTROY ALL COPIES</span></b><span style="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""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Eric Nelsen<br>
<b>Sent:</b> Tuesday, September 12, 2017 7:51 AM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> Re: [WSBARP] Statute of limitations on note and deed of trust<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Only if the note was due in full more than six years ago. If it's installment note, S/L runs against each payment only.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="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): </span>
<o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="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, Williston on Contracts § 79:17, at 338 (4th ed. 2004); see also 25 David K. Dewolf, Keller W. Allen & Darlene Barrier Caruso, Washington Practice: Contract Law
and Practice § 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, supra, § 79:17, at 338; § 79:18, at 347-50; 12 Am.Jur.2d, Bills & Notes § 581 (same); Bay Area, 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). </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="color:#1F497D">FN 9</span></b><span style="color:#1F497D"> reads:
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="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 Herzog v. Herzog</u>, 23 Wn.2d 382, 388, 161 P.2d 142 (1945).</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Sincerely,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Eric</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Eric C. Nelsen</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">SAYRE LAW OFFICES, PLLC</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">1417 31st Ave South</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Seattle WA 98144-3909</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">phone 206-625-0092</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">fax 206-625-9040</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;color:red">Please Note that We Have Moved.</span></b><b><span style="font-size:12.0pt;color:#1F497D">
</span></b><span style="font-size:12.0pt;color:#1F497D">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.</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></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>Andrew Hay<br>
<b>Sent:</b> Monday, September 11, 2017 9:10 PM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> [WSBARP] Statute of limitations on note and deed of trust</span><o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Here’s one for y’all<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal">Home owner has note and deed of trust. He stops payments while owing $50K and seven years passes. Is home owner entitled to quiet title by wiping out the deed of trust without paying the balance of the note?<o:p></o:p></p>
<p class="MsoNormal"><a name="_MailEndCompose"> </a><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Berlin Sans FB","sans-serif"">Andrew Hay</span></b><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">Hay & Swann PLLC</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">201 S. 34<sup>th</sup> St.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">Tacoma, WA 98418</span><o:p></o:p></p>
<p class="MsoNormal"><a href="http://www.washingtonlaw.net/"><i><span style="font-family:"Berlin Sans FB","sans-serif"">www.washingtonlaw.net</span></i></a><o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:andrewhay@washingtonlaw.net"><i><span style="font-family:"Berlin Sans FB","sans-serif"">andrewhay@washingtonlaw.net</span></i></a><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">253.272.2400 (w)</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">253.377.3085 (c)</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">THIS IS A CONFIDENTIAL COMMUNICATION AND IS INTENDED FOR THE DESIGNATED RECIPIENT ONLY. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY THE SENDER IMMEDIATELY AND
DESTROY ALL COPIES</span><o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
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