Source: https://law.justia.com/codes/washington/2005/title7/7.28.230.html
Timestamp: 2019-09-16 12:37:58
Document Index: 378944373

Matched Legal Cases: ['§ 1', '§ 1', '§ 1', '§ 546', '§ 550', '§ 498', '§ 804']

Washington Revised Code RCW 7.28.230: Mortgagee cannot maintain action for possession — Possession to collect mortgaged, pledged, or assigned rents and profits — Perfection of security interest. :: Chapter 7.28 RCW: Ejectment, quieting title :: Title 7 — Special proceedings and actions :: 2005 Revised Code of Washington :: Revised Code of Washington :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Revised Code of Washington 2005 Revised Code of Washington Title 7 — Special proceedings and actions Chapter 7.28 RCW: Ejectment, quieting title Washington Revised Code RCW 7.28.230: Mortgagee cannot maintain action for possession — Possession to collect mortgaged, pledged, or assigned rents and profits — Perfection of security interest.
2005 Washington Revised Code RCW 7.28.230: Mortgagee cannot maintain action for possession — Possession to collect mortgaged, pledged, or assigned rents and profits — Perfection of security interest.
(1) A mortgage of any interest in real property shall not be deemed a conveyance so as to enable the owner of the mortgage to recover possession of the real property, without a foreclosure and sale according to law: PROVIDED, That nothing in this section shall be construed as any limitation upon the right of the owner of real property to mortgage, pledge or assign the rents and profits thereof, nor as prohibiting the mortgagee, pledgee or assignee of such rents and profits, or any trustee under a mortgage or trust deed either contemporaneously or upon the happening of a future event of default, from entering into possession of any real property, other than farm lands or the homestead of the mortgagor or his successor in interest, for the purpose of collecting the rents and profits thereof for application in accordance with the provisions of the mortgage or trust deed or other instrument creating the lien, nor as any limitation upon the power of a court of equity to appoint a receiver to take charge of such real property and collect such rents and profits thereof for application in accordance with the terms of such mortgage, trust deed or assignment.
(2) Until paid, the rents and profits of real property constitute real property for the purposes of mortgages, trust deeds or assignments whether or not said rents and profits have accrued. The provisions of RCW 65.08.070 as now or hereafter amended shall be applicable to such rents and profits, and such rents and profits are excluded from *Article 62A.9 RCW.
[1991 c 188 § 1; 1989 c 73 § 1; 1969 ex.s. c 122 § 1; Code 1881 § 546; 1877 p 114 § 550; 1869 p 130 § 498; RRS § 804.]