Seattle-First National Bank v. Siebol
Court of Appeals of Washington
1Opinion of the CourtShields, C.J.
Seattle First National Bank (Seafirst) instituted foreclosure proceedings to recover on secured loans it made to James R. and Patricia D. Siebol. After a bench trial, the court entered judgment for Seafirst in the amount of $431,858.49 plus interest, $50,000 in attorney fees, $106.20 in costs, and foreclosed the deeds of trust securing the debt. However, the court granted the Siebols an offset of $34,364 in damages resulting from Mr. Siebol's detrimental reliance on the bank's promise to provide financing for lot improvement and purchase of inventory for a new business venture. The Siebols…
2Cases cited8 opinions
- Greene v. GreeneNew York Court of Appeals · 1982
- Corbit v. J. I. Case Co.Washington Supreme Court · 1967
- Larsen v. Walton Plywood Co.Washington Supreme Court · 1964
- Clark v. HORSE RACING COMMISSIONWashington Supreme Court · 1986
- Farm Crop Energy, Inc. v. Old National BankWashington Supreme Court · 1988
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3Cited by24 opinions
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- Hertz v. RiebeCourt of Appeals of Washington · 1997
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