Felton v. Citizens Federal Savings & Loan Ass'n

This is an appeal from a summary judgment dismissing appellants' action on the ground that a homestead is not exempt from a nonjudicial sale conducted pursuant to a power of sale in a deed of trust. We affirm.

In 1979, Harold and Larell Felton, appellants, purchased a residence in Renton from Bernard and Florence Bar-ringer. As a part of this transaction the Feltons assumed a $48,000 purchase money obligation the Barringers owed respondent Citizens Federal Savings and Loan Association (Citizens). This debt was secured by a deed of trust, which the Feltons and Citizens agreed would also secure…