Wash. Rev. Code » Title 61 · Chapter 61.12
Revised Code of Washington

Wash. Rev. Code § 61.12.150 (2026)

Sale of whole property—Disposition of proceeds

✓ current as of May 2026
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If the mortgaged premises cannot be sold in parcels, the court shall order the whole to be sold, and the proceeds of the sale shall be applied first to the payment of the principal due, interest and costs, and then to the residue secured by the mortgage and not due; and if the residue does not bear interest, a deduction shall be made therefrom by discounting the legal interest. In all cases where the proceeds of the sale are more than sufficient to pay the amount due and costs, the surplus shall be applied to all interests in, or liens or claims of liens against, the property eliminated by sale under this section in the order of priority that the interest, lien, or claim attached to the property. Any remaining surplus shall be paid to the mortgage debtor, his or her heirs and assigns.
[ 2009 c 122 s 1; Code 1881 s 617; 1877 p 128 s 621; 1869 p 147 s 571; 1854 p 208 s 416; RRS s 1128.]
Notes of Decisions
Cited in 8 cases (2 in the last 5 years), 2013–2021 · leading case: Worden v. Smith, 314 P.3d 1125 (Wash. Ct. App. 2013).
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Worden v. Smith, 314 P.3d 1125 (Wash. Ct. App. 2013). · cites it 14× “¶6 Columbia Bank then filed a motion for an order “directing the [clerk of court] to distribute all surplus sales *315 proceeds pursuant to RCW 61.12.150.” Clerk’s Papers (CP) at 190.”
Brian A. Worden, et ux v. James M. Smith (Wash. Ct. App. 2013). · cites it 14× “Columbia Bank then filed a motion for an order '~directing the [clerk of court] to distribute all surplus sales proceeds pursuant to RCW 61.12.150." Clerk's Papers (CP) at 190.”
Ten Bridges, Llc, Appellant/cross-respondent v. Teresia Guandai, Respondent/cross-appellant (Wash. Ct. App. 2020). · cites it 2× “”); RCW 61.12.150 (“Any remaining surplus [from a mortgage foreclosure] shall be paid to the mortgage debtor, his or her heirs and assigns.”
Carlyle Condo. Owners Ass'n v. Yukiko Asano (Wash. Ct. App. 2020). · cites it 2× “”); RCW 61.12.150 (“Any remaining surplus [from a mortgage foreclosure] shall be paid to the mortgage debtor, his or her heirs and assigns.”
Ten Bridges LLC v. Midas Mulligan LLC (W.D. Wash. 2021). · cites it 2× “See RCW 61.12.150 (surplus proceeds from judicial foreclosure sales “shall 12 be paid to the mortgage debtor, his or her heirs and assigns”).”
21st Mortg. Corp. v. Linda C. Nicholls Duncan K. Robertson (Wash. Ct. App. 2017). “But in his briefing to this court, he advances arguments in support of only two of them: statute of limitations and standing.”
21st Mortg. Corp. v. Linda C. Nicholls Duncan K. Robertson (Wash. Ct. App. 2017). “6 Affirmative Defenses Robertson argues that the trial court erred in striking his 22 affirmative defenses. But in his briefing to this court, he advances arguments in support of only two of them: statute of limitations and standing.”
Ten Bridges LLC v. Midas Mulligan LLC (W.D. Wash. 2021). “See RCW 61.12.150 (surplus proceeds from judicial 17 foreclosure sales “shall be paid to the mortgage debtor, his or her heirs and assigns”).”
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