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In most cases, unless the 2nd has run its term the lender must affirmatively accelerate the loan, or the SOL runs on each defaulted payment.
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" color="#000000" style="font-size:11pt"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> on behalf of marc holmeslawgroup.com <marc@holmeslawgroup.com><br>
<b>Sent:</b> Tuesday, March 5, 2019 4:48:02 PM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> [WSBARP] Statute of Limitations on 2nd Deed of Trust</font>
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<p class="MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">When does the 6 year statute of limitations begin to run on a 2<sup>nd</sup> position deed of trust where the borrower defaults on both the 1<sup>st</sup> and 2<sup>nd</sup>
at the same time (same lender on both) and the 1<sup>st</sup> is subsequently foreclosed. </span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">The notice of trustee sale for the 1<sup>st</sup> expressly stated the default commenced on a date over 8 years ago. This is on a primary residence where the borrower
did a strategic default and moved out shortly after ceasing payment.</span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">Marc Holmes, JD<br>
Holmes Law Group PLLC</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">2303 W. Commodore Way, Suite 306</span></p>
<p class="MsoNormal"><span style="font-size:12.0pt; font-family:"Times New Roman",serif">Seattle, WA 98199<br>
</span><a href="mailto:marc@holmeslawgroup.com"><span style="font-size:12.0pt; font-family:"Times New Roman",serif; color:blue">marc@holmeslawgroup.com</span></a>
<span style="font-size:12.0pt; font-family:"Times New Roman",serif"><br>
(206) 357-4224 (ofc)<br>
(206) 849-0853 (cell)</span></p>
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