Skagit State Bank v. Rasmussen

Skagit State Bank (Skagit Bank) appeals that portion of an otherwise favorable judgment and decree of foreclosure that dismissed its claims against the interests of Robert Hayton and Susan Hughes-Hayton, husband and wife. Skagit Bank instituted foreclosure proceedings against a 60-acre parcel of land known as the "Bulb Farm" following default on a $350,000 Small Business Administration (SBA) loan and asked for a deficiency judgment against all of the defendants, including the Haytons. Defendants Hay-ton, Thomas Flint, and Russell Rasmussen each owned a one-third undivided interest in the Bulb…