Legal Opinion
4518 S. 256th, LLC v. Karen L. Gibbon, PS
Court of Appeals of Washington
Decided August 15, 2016No. 73834-8-IPublishedCited by 40 opinions
1Opinion of the CourtTrickey, J.
¶1 We consider whether a lender may initiate nonjudicial foreclosure of a deed of trust without accelerating the maturity date for the entire obligation secured by the deed of trust. We hold that it may, because acceleration and foreclosure are separate options that a lender is entitled to pursue after default.
¶2 We also hold that acceleration of the maturity of a debt does not occur automatically upon invocation of the power of sale. Rather, if a lender exercises its option to accelerate the loan, “acceleration [of the maturity of the debt] must be made in a clear and unequivocal manner…
2Cases cited34 opinions
- State v. ArmendarizWashington Supreme Court · 2007
- State v. ArmendarizWashington Supreme Court · 2007
- State v. HunleyWashington Supreme Court · 2012
- Touchet Valley Grain Growers, Inc. v. Opp & Seibold General Construction, Inc.Washington Supreme Court · 1992
- Frias v. Asset Foreclosure Services, Inc.Washington Supreme Court · 2014
29 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Sandra M. Merceri v. The Bank Of New York MellonCourt of Appeals of Washington · 2018
- Terhune v. N. Cascade Tr. Servs., Inc.Court of Appeals of Washington · 2019
- Columbia State Bank, Res. v. Mark v. Jordan And Cynthia Jordan, Apps.Court of Appeals of Washington · 2017
- U.S. Bank National Association as Trustee of Holders of Adjustable Rate Mortgage Trust 2007-2 v. UkpomaCourt of Appeals of Washington · 2019
- 4518 S. 256th, LLC v. Karen L. Gibbon, PSWashington Supreme Court · 2017
35 more not listed; retrieve them via the Exa API.