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Washington Revised Code Title 61. Mortgages, Deeds of Trust, and Real Estate Contracts § 61.30.100. Effect of forfeiture

Current as of April 06, 2022 | Updated by FindLaw Staff

(1) The recorded and sworn declaration of forfeiture shall be prima facie evidence of the extent of the forfeiture and compliance with this chapter and, except as otherwise provided in RCW 61.30.040 (1) and (2), conclusive evidence thereof in favor of bona fide purchasers and encumbrancers for value.

(2) Except as otherwise provided in this chapter or the contract or other agreement with the seller, forfeiture of a contract under this chapter shall have the following effects:

(a) The purchaser, and all persons claiming through the purchaser or whose interests are otherwise subordinate to the seller's interest in the property who were given the required notices pursuant to this chapter, shall have no further rights in the contract or the property and no person shall have any right, by statute or otherwise, to redeem the property;

(b) All sums previously paid under the contract by or on behalf of the purchaser shall belong to and be retained by the seller or other person to whom paid; and

(c) All of the purchaser's rights in all improvements made to the property and in unharvested crops and timber thereon at the time the declaration of forfeiture is recorded shall be forfeited to the seller.

(3) The seller shall be entitled to possession of the property ten days after the declaration of forfeiture is recorded or any longer period provided in the contract or any other agreement with the seller. The seller may proceed under chapter 59.12 RCW to obtain such possession. Any person in possession who fails to surrender possession when required shall be liable to the seller for actual damages caused by such failure and for reasonable attorneys' fees and costs of the action.

(4) After the declaration of forfeiture is recorded, the seller shall have no claim against and the purchaser shall not be liable to the seller for any portion of the purchase price unpaid or for any other breach of the purchaser's obligations under the contract, except for damages caused by waste to the property to the extent such waste results in the fair market value of the property on the date the declaration of forfeiture is recorded being less than the unpaid monetary obligations under the contract and all liens or contracts having priority over the seller's interest in the property.

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Cite this article: FindLaw.com - Washington Revised Code Title 61. Mortgages, Deeds of Trust, and Real Estate Contracts § 61.30.100. Effect of forfeiture - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-61-mortgages-deeds-of-trust-and-real-estate-contracts/wa-rev-code-61-30-100/

Read this complete Washington Revised Code Title 61. Mortgages, Deeds of Trust, and Real Estate Contracts § 61.30.100. Effect of forfeiture on Westlaw. Westlaw subscription required.

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