Legal Opinion
Schroeder v. Excelsior Management Group, LLC
Washington Supreme Court
Decided February 28, 2013No. Nos. 86433-1; 86710-1PublishedCited by 56 opinions
1Opinion of the Court
Chambers, J.*
¶1 For nonagricultural land, Washington’s deed of trust act provides a comparatively inexpensive and fast mechanism for the lending industry to foreclose on property pledged as security for a debt through a nonjudicial foreclosure action. In a nonjudicial foreclosure, a properly appointed trustee is empowered by the act to hold a foreclosure sale without judicial supervision. However, the act does not allow nonjudicial foreclosure of agricultural land. Agricultural land must be foreclosed judicially. RCW 61.24.020, .030(2).
¶2 In 2009, Phillip J. Haberthur (who was both the…
2Cases cited45 opinions
- State Ex Rel. Carroll v. JunkerWashington Supreme Court · 1971
- Hangman Ridge Training Stables, Inc. v. Safeco Title InsuranceWashington Supreme Court · 1986
- Reid v. Pierce CountyWashington Supreme Court · 1998
- People Ex Rel. Gallo v. AcunaCalifornia Supreme Court · 1997
- Reid v. Pierce CountyWashington Supreme Court · 1998
40 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Frias v. Asset Foreclosure Services, Inc.Washington Supreme Court · 2014
- LK Operating, LLC v. Collection Group, LLCWashington Supreme Court · 2014
- Bavand v. OneWest Bank, FSBCourt of Appeals of Washington · 2013
- Young v. Toyota Motor Sales, U.S.A.Washington Supreme Court · 2020
- Kofmehl v. Baseline Lake, LLCWashington Supreme Court · 2013
51 more not listed; retrieve them via the Exa API.