Bellingham First Federal Savings & Loan Ass'n v. Garrison
Washington Supreme Court
1Opinion of the CourtHamilton, J.
Appellants, George and Edith Garrison,
appeal a superior court decision declaring a due-on-sale provision in a real estate contract a lawful restraint on alienation.
In September 1971, appellant, George Garrison, built a modern 16-unit apartment complex in Bellingham, Washington. Appellants executed two promissory notes totaling $185,000 with Bellingham First Federal Savings and Loan Association, the respondent. Appellants secured these notes by executing with respondent two mortgages on appellants’ apartments. The respective mortgage agreements contained the following due-on-sale clause:
The…
2Cases cited20 opinions
- Tucker v. Lassen Savings & Loan Ass'nCalifornia Supreme Court · 1974
- Baker v. Loves Park Savings & Loan Ass'nIllinois Supreme Court · 1975
- Malouff v. Midland Federal Savings and Loan Ass'nSupreme Court of Colorado · 1973
- Tucker v. Pulaski Federal Savings & Loan AssociationSupreme Court of Arkansas · 1972
- Mutual Federal Savings & Loan Ass'n v. Wisconsin Wire WorksWisconsin Supreme Court · 1973
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3Cited by40 opinions
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- Occidental Savings & Loan Ass'n v. Venco PartnershipNebraska Supreme Court · 1980
- Olean v. TregliaSupreme Court of Connecticut · 1983
- Williams v. First Federal Savings & Loan Ass'n of ArlingtonCourt of Appeals for the Fourth Circuit · 1981
- First Federal Savings & Loan Ass'n v. LockwoodDistrict Court of Appeal of Florida · 1980
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