RCW 61.24.070

Trustee's sale, who may bid at—If beneficiary is purchaser—If purchaser is not beneficiary.

Applied in 7 court decisions — leading case Bain v. Metropolitan Mortgage Group, Inc. (2012)

Most recently applied in 191 Wash. App. 662 - Roberta S. Podbielancik, App. v. Lpp Mortgage, Ltd, Res. (December 2015)

1998 c 295 s 9; 1965 c 74 s 7.

How often courts cite this section

citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(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.

Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.