On July 7, 2016, the Washington State Supreme Court held that certain provisions common in Deeds of Trust run contrary to Washington statute and are unenforceable. Chris Graving explains how this decision limits lenders' ability to non-judicially protect their real property collateral pending foreclosure.
Stokes Law Briefs
On January 8, 2015, the Washington State Supreme Court resolved a conflict between the state's Court of Appeals regarding deficiency judgments and guarantor liability following a nonjudicial foreclosure of the borrower's real property. Chris Graving explains the significance of this decision.
On September 18, 2014, in Frias v. Asset Foreclosure Services, et al., the Washington Supreme Court held that no cause of action for wrongful foreclosure exists under the Deed of Trust Act until after a foreclosure sale occurs. Tom Lerner and Chris Graving provide analysis on why this is important to lenders.
Investors considering purchasing distressed properties are facing one less potential risk thanks to a recent decision by the Washington Supreme Court on nonjudicial foreclosures. Chris Graving reviews the Court's recent decision regarding the Deed of Trust Act.