Wash. Rev. Code » Title 61 · Chapter 61.24

Wash. Rev. Code § 61.24.070

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(1) The trustee may not bid at the trustee's sale. Any other person, including the beneficiary, may bid at the trustee's sale.
(2) The trustee shall, at the request of the beneficiary, credit toward the beneficiary's bid all or any part of the monetary obligations secured by the deed of trust. If the beneficiary is the purchaser, any amount bid by the beneficiary in excess of the amount so credited shall be paid to the trustee in the form of cash, certified check, cashier's check, money order, or funds received by verified electronic transfer, or any combination thereof. If the purchaser is not the beneficiary, the entire bid shall be paid to the trustee in the form of cash, certified check, cashier's check, money order, or funds received by verified electronic transfer, or any combination thereof.
[ 1998 c 295 s 9; 1965 c 74 s 7.]
Notes of Decisions
Cited in 8 cases, 2005–2015 · leading case: Bain v. Metropolitan Mortgage Group, Inc.
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Bain v. Metropolitan Mortgage Group, Inc. (2012) wash · cites it 2× “In the same 1998 bill that defined “beneficiary” for the first time, the legislature amended RCW 61.24.070 (which had previously forbidden the trustee alone from bidding at a trustee sale) to provide: *102 (1) The trustee may not bid at the trustee’s sale.”
Hallas v. Ameriquest Mortgage Co. (2005) ord · cites it 4× “RCW 61.24.070(1). The law further provides that the “trustee shall, at the request of the beneficiary, credit toward the beneficiary’s bid all dr any part of the monetary obligations secured by the deed of trust.”
Bert Kuty Revocable Living Trust v. Mullen (2013) washctapp · cites it 7× “RCW 61.24.070, .080. The Hayeses were beneficiaries of the deed of trust and the buyers at the trustee’s sale, but they were not the trustee.”
Trujillo v. Northwest Trustee Services, Inc. (2014) washctapp · cites it 2× “106 ¶77 Second, Trujillo cites RCW 61.24.070(2), which states who may bid at a trustee’s sale.”
Roberta S. Podbielancik, App. v. Lpp Mortgage, Ltd, Res. (2015) washctapp “RCW 61.24.070(2); Bert Kuty Revocable Living Trust v.”
In re the Trustee's Sale of Real Property of Giannusa (2012) washctapp “RCW 61.24.070(1). After covering the sale’s expense, the proceeds are first applied toward the obligation foreclosed.”
Ball v. JPMorgan Chase Bank, NA (2014) washctapp “RCW 61.24.070(1). After covering the sale’s expense, the trustee first applies the proceeds to the obligation foreclosed.”
Rocio Trujillo v. Northwest Trustee Services, Inc. (2014) washctapp · cites it 4× “040(2); RCW 61.24.070(2); RCW 61.24.163; RCW 61.24.”
— Wash. Rev. Code § 61.24.070(1) — 4 cases
Hallas v. Ameriquest Mortgage Co. (2005) ord “RCW 61.24.070(1). The law further provides that the “trustee shall, at the request of the beneficiary, credit toward the beneficiary’s bid all dr any part of the monetary obligations secured by the deed of trust.”
In re the Trustee's Sale of Real Property of Giannusa (2012) washctapp “RCW 61.24.070(1). After covering the sale’s expense, the proceeds are first applied toward the obligation foreclosed.”
Bert Kuty Revocable Living Trust v. Mullen (2013) washctapp “RCW 61.24.070, .080. The Hayeses were beneficiaries of the deed of trust and the buyers at the trustee’s sale, but they were not the trustee.”
Ball v. JPMorgan Chase Bank, NA (2014) washctapp “RCW 61.24.070(1). After covering the sale’s expense, the trustee first applies the proceeds to the obligation foreclosed.”
— Wash. Rev. Code § 61.24.070(2) — 5 cases
Trujillo v. Northwest Trustee Services, Inc. (2014) washctapp “106 ¶77 Second, Trujillo cites RCW 61.24.070(2), which states who may bid at a trustee’s sale.”
Hallas v. Ameriquest Mortgage Co. (2005) ord “RCW 61.24.070(1). The law further provides that the “trustee shall, at the request of the beneficiary, credit toward the beneficiary’s bid all dr any part of the monetary obligations secured by the deed of trust.”
Bert Kuty Revocable Living Trust v. Mullen (2013) washctapp “RCW 61.24.070, .080. The Hayeses were beneficiaries of the deed of trust and the buyers at the trustee’s sale, but they were not the trustee.”
Roberta S. Podbielancik, App. v. Lpp Mortgage, Ltd, Res. (2015) washctapp “RCW 61.24.070(2); Bert Kuty Revocable Living Trust v.”
Rocio Trujillo v. Northwest Trustee Services, Inc. (2014) washctapp “040(2); RCW 61.24.070(2); RCW 61.24.163; RCW 61.24.”
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