Source: https://app.leg.wa.gov/RCW/default.aspx?cite=61.12&full=true
Timestamp: 2019-09-18 19:15:36
Document Index: 321366416

Matched Legal Cases: ['§ 36', '§ 12', '§ 10555', '§ 1', '§ 6', '§ 288', '§ 21', '§ 1', '§ 2709', '§ 2', '§ 160', '§ 609', '§ 614', '§ 563', '§ 408', '§ 1116', '§ 610', '§ 615', '§ 564', '§ 409', '§ 1117', '§ 1', '§ 611', '§ 616', '§ 565', '§ 410', '§ 1118', '§ 1', '§ 1', '§ 1118', '§ 1', '§ 611', '§ 4', '§ 612', '§ 617', '§ 566', '§ 411', '§ 1119', '§ 622', '§ 625', '§ 575', '§ 1120', '§ 161', '§ 36', '§ 1', '§ 1121', '§ 613', '§ 567', '§ 412', '§ 162', '§ 1', '§ 1', '§ 163', '§ 2', '§ 2', '§ 3', '§ 3', '§ 164', '§ 614', '§ 619', '§ 568', '§ 413', '§ 1125', '§ 615', '§ 620', '§ 569', '§ 414', '§ 1126', '§ 616', '§ 620', '§ 570', '§ 415', '§ 1127', '§ 1', '§ 617', '§ 621', '§ 571', '§ 416', '§ 1128', '§ 9']

Chapter 61.12 RCW: FORECLOSURE OF REAL ESTATE MORTGAGES AND PERSONAL PROPERTY LIENS
RCWs > Title 61 > Chapter 61.12
Chapter 61.12 RCW
FORECLOSURE OF REAL ESTATE MORTGAGES AND PERSONAL PROPERTY LIENS
61.12.020 Mortgage—Form—Contents—Effect.
61.12.030 Removal of property from mortgaged premises—Penalty.
61.12.040 Foreclosure—Venue.
61.12.060 Judgment—Order of sale—Satisfaction—Upset price.
61.12.070 Decree to direct deficiency—Waiver in complaint.
61.12.080 Deficiency judgment—How enforced.
61.12.090 Execution on decree—Procedure.
61.12.093 Abandoned improved real estate—Purchaser takes free of redemption rights.
61.12.094 Abandoned improved real estate—Deficiency judgment precluded—Complaint, requisites, service.
61.12.095 Abandoned improved real estate—Not applicable to property used primarily for agricultural purposes.
61.12.130 Payment of sums due—Stay of proceedings.
61.12.150 Sale of whole property—Disposition of proceeds.
61.12.180 Foreclosure of reverse residential mortgage—Notice.
RCW 61.12.010
Encumbrances shall be by deed.
See RCW 64.04.010.
RCW 61.12.020
Mortgage—Form—Contents—Effect.
Mortgages of land may be made in substantially the following form: The mortgagor (here insert name or names) mortgages to (here insert name or names) to secure the payment of (here insert the nature and amount of indebtedness, showing when due, rate of interest, and whether evidenced by note, bond or other instrument or not) the following described real estate (here insert description) situated in the county of . . . . . ., state of Washington.
Every such mortgage, when otherwise properly executed, shall be deemed and held a good and sufficient conveyance and mortgage to secure the payment of the money therein specified. The parties may insert in such mortgage any lawful agreement or condition.
[ 2016 c 202 § 36; 1929 c 33 § 12; RRS § 10555. Prior: 1888 c 26 § 1; 1886 p 179 § 6.]
RCW 61.12.030
Removal of property from mortgaged premises—Penalty.
[ 2003 c 53 § 288; 1989 c 343 § 21; 1899 c 75 § 1; RRS § 2709, part. FORMER PART OF SECTION: 1899 c 75 § 2 now codified as RCW 61.12.031.]
RCW 61.12.040
Foreclosure—Venue.
When default is made in the performance of any condition contained in a mortgage, the mortgagee or his or her assigns may proceed in the superior court of the county where the land, or some part thereof, lies, to foreclose the equity of redemption contained in the mortgage.
[ 2012 c 117 § 160; Code 1881 § 609; 1877 p 127 § 614; 1869 p 145 § 563; 1854 p 207 § 408; RRS § 1116.]
RCW 61.12.050
When remedy confined to mortgaged property.
When there is no express agreement in the mortgage nor any separate instrument given for the payment of the sum secured thereby, the remedy of the mortgagee shall be confined to the property mortgaged.
[Code 1881 § 610; 1877 p 127 § 615; 1869 p 146 § 564; 1854 p 207 § 409; RRS § 1117.]
RCW 61.12.060
Judgment—Order of sale—Satisfaction—Upset price.
[ 1935 c 125 § 1; Code 1881 § 611; 1877 p 127 § 616; 1869 p 146 § 565; 1854 p 207 § 410; RRS § 1118. FORMER PART OF SECTION: 1935 c 125 § 1 1/2 now codified as RCW 61.12.061.]
RCW 61.12.061
Exception as to mortgages held by the United States.
The provisions of *this act shall not apply to any mortgage while such mortgage is held by the United States or by any agency, department, bureau, board or commission thereof as security or pledge of the maker, its successors or assigns.
[1935 c 125 § 1 1/2; RRS § 1118-1. Formerly RCW 61.12.060, part.]
*Reviser's note: "this act" appears in 1935 c 125 § 1 1/2; section 1 of the 1935 act amends Code 1881 § 611; the 1935 act is codified as RCW 61.12.060 and 61.12.061.
RCW 61.12.070
Decree to direct deficiency—Waiver in complaint.
When there is an express agreement for the payment of the sum of money secured contained in the mortgage or any separate instrument, the court shall direct in the decree of foreclosure that the balance due on the mortgage, and costs which may remain unsatisfied after the sale of the mortgaged premises, shall be satisfied from any property of the mortgage debtor: PROVIDED, HOWEVER, That in all cases where the mortgagee or other owner of such mortgage has expressly waived any right to a deficiency judgment in the complaint, as provided by RCW 6.23.020, there shall be no such judgment for deficiency, and the remedy of the mortgagee or other owner of the mortgage shall be confined to the sale of the property mortgaged.
[ 1961 c 196 § 4; Code 1881 § 612; 1877 p 127 § 617; 1869 p 146 § 566; 1854 p 208 § 411; RRS § 1119.]
RCW 61.12.080
Deficiency judgment—How enforced.
Judgments over for any deficiency remaining unsatisfied after application of the proceeds of sale of mortgaged property, either real or personal, shall be similar in all respects to other judgments for the recovery of money, and may be made a lien upon the property of a judgment debtor as other judgments, and the collections thereof enforced in the same manner.
[Code 1881 § 622; 1877 p 129 § 625; 1869 p 148 § 575; RRS § 1120.]
RCW 61.12.090
Execution on decree—Procedure.
A decree of foreclosure of mortgage or other lien may be enforced by execution as an ordinary judgment or decree for the payment of money. The execution shall contain a description of the property described in the decree. The sheriff shall endorse upon the execution the time when he or she receives it, and he or she shall thereupon forthwith proceed to sell such property, or so much thereof as may be necessary to satisfy the judgment, interest, and costs upon giving the notice prescribed in RCW 6.21.030.
[ 2012 c 117 § 161; 1988 c 231 § 36; 1899 c 53 § 1; RRS § 1121. Cf. Code 1881 § 613; 1869 p 146 § 567; 1854 p 208 § 412.]
Property exempt from execution and attachment: RCW 6.15.010.
RCW 61.12.093
Abandoned improved real estate—Purchaser takes free of redemption rights.
In actions to foreclose mortgages on real property improved by structure or structures, if the court finds that the mortgagor or his or her successor in interest has abandoned said property for six months or more, the purchaser at the sheriff's sale shall take title in and to such property free from all redemption rights as provided for in RCW 6.23.010 et seq. upon confirmation of the sheriff's sale by the court. Lack of occupancy by, or by authority of, the mortgagor or his or her successor in interest for a continuous period of six months or more prior to the date of the decree of foreclosure, coupled with failure to make payment upon the mortgage obligation within the said six month period, will be prima facie evidence of abandonment.
[ 2012 c 117 § 162; 1965 c 80 § 1; 1963 c 34 § 1.]
Deed to issue upon request immediately after confirmation of sale: RCW 6.21.120.
RCW 61.12.094
Abandoned improved real estate—Deficiency judgment precluded—Complaint, requisites, service.
When proceeding under RCW 61.12.093 through 61.12.095, no deficiency judgment shall be allowed. No mortgagee shall deprive any mortgagor, his or her successors in interest, or any redemptioner of redemption rights by default decree without alleging such intention in the complaint: PROVIDED, HOWEVER, That such complaint need not be served upon any person who acquired the status of such successor in interest or redemptioner after the recording of lis pendens in such foreclosure action.
[ 2012 c 117 § 163; 1965 c 80 § 2; 1963 c 34 § 2.]
RCW 61.12.095
Abandoned improved real estate—Not applicable to property used primarily for agricultural purposes.
RCW 61.12.093 and 61.12.094 shall not apply to property used primarily for agricultural purposes.
[ 1965 c 80 § 3; 1963 c 34 § 3.]
RCW 61.12.100
Levy for deficiency under same execution.
RCW 61.12.110
Notice of sale on deficiency.
RCW 61.12.120
Concurrent actions prohibited.
The plaintiff shall not proceed to foreclose his or her mortgage while he or she is prosecuting any other action for the same debt or matter which is secured by the mortgage, or while he or she is seeking to obtain execution of any judgment in such other action; nor shall he or she prosecute any other action for the same matter while he or she is foreclosing his or her mortgage or prosecuting a judgment of foreclosure.
[ 2012 c 117 § 164; Code 1881 § 614; 1877 p 128 § 619; 1869 p 146 § 568; 1854 p 208 § 413; RRS § 1125.]
RCW 61.12.130
Payment of sums due—Stay of proceedings.
Whenever a complaint is filed for the foreclosure of a mortgage upon which there shall be due any interest or installment of the principal, and there are other installments not due, if the defendant pay into the court the principal and interest due, with costs, at any time before the final judgment, proceedings thereon shall be stayed, subject to be enforced upon a subsequent default in the payment of any installment of the principal or interest thereafter becoming due. In the final judgment, the court shall direct at what time and upon what default any subsequent execution shall issue.
[Code 1881 § 615; 1877 p 128 § 620; 1869 p 147 § 569; 1854 p 208 § 414; RRS § 1126.]
RCW 61.12.140
Sale in parcels to pay installments due.
In such cases, after final judgment, the court shall ascertain whether the property can be sold in parcels, and if it can be done without injury to the interests of the parties, the court shall direct so much only of the premises to be sold, as will be sufficient to pay the amount then due on the mortgage with costs, and the judgment shall remain and be enforced upon any subsequent default, unless the amount due shall be paid before execution of the judgment is perfected.
[Code 1881 § 616; 1877 p 128 § 620 (2d of 2 sections with same number); 1869 p 147 § 570; 1854 p 208 § 415; RRS § 1127.]
RCW 61.12.150
Sale of whole property—Disposition of proceeds.
If the mortgaged premises cannot be sold in parcels, the court shall order the whole to be sold, and the proceeds of the sale shall be applied first to the payment of the principal due, interest and costs, and then to the residue secured by the mortgage and not due; and if the residue does not bear interest, a deduction shall be made therefrom by discounting the legal interest. In all cases where the proceeds of the sale are more than sufficient to pay the amount due and costs, the surplus shall be applied to all interests in, or liens or claims of liens against, the property eliminated by sale under this section in the order of priority that the interest, lien, or claim attached to the property. Any remaining surplus shall be paid to the mortgage debtor, his or her heirs and assigns.
[ 2009 c 122 § 1; Code 1881 § 617; 1877 p 128 § 621; 1869 p 147 § 571; 1854 p 208 § 416; RRS § 1128.]
RCW 61.12.170
RCW 61.12.180
Foreclosure of reverse residential mortgage—Notice.
(1) Before any mortgagee of residential real property commences any legal action under RCW 61.12.040 to foreclose any reverse residential mortgage, such person shall give the mortgagor notice of such intention at least thirty-three days in advance. For the purposes of this section "residential real property" means property consisting solely of a single-family residence, a two-to-four-unit owner occupied dwelling, a residential condominium unit, a manufactured home, or a residential cooperative unit.
(2) Notice of intention to take action as specified in subsection (1) of this section must be in writing and sent to the resident mortgagor or, in case of the death of the last surviving mortgagor, addressed to any known surviving spouse or to "unknown heirs" of the residential mortgagor, by first-class and either certified or registered mail, return receipt requested, at his or her last known address and, if different, at the residence which is the subject of the residential mortgage.
(3) The written notice must be in English and Spanish, in a form to be published by the department of commerce, and must clearly and conspicuously state:
(a) The particular obligation or real estate security interest;
(b) The nature of the default claimed or the reason for acceleration of the mortgage;
(c) Except in cases where the acceleration is due to the death of the last surviving mortgagor, the right, if any, of the mortgagor to cure the default and exactly what performance, including what sum of money, if any, must be tendered to cure the default;
(d) Except in cases where the acceleration is due to the death of the last surviving mortgagor, the applicable time within which the mortgagor must cure the default;
(e) A statement printed in no less than twelve-point font and bolded that reads:
"If you do nothing to cure the default, if any, we intend to start a lawsuit to foreclose your mortgaged property. If the mortgage is foreclosed, your mortgaged property will be sold to pay off the mortgage debt. You should contact a housing counselor or attorney as soon as possible."; and
(f) The toll-free telephone number to find a department-approved home equity conversion mortgage counseling agency from the United States department of housing and urban development, the toll-free numbers for the statewide foreclosure hotline recommended by the housing finance commission, and the statewide civil legal aid hotline for assistance and referrals.
(4) It is an unfair or deceptive act in trade or commerce and an unfair method of competition in violation of the consumer protection act, chapter 19.86 RCW, affecting the public interest, for any person or entity to:
(a) Fail to send the notice as required in this section at least thirty-three days before accelerating the maturity of any reverse residential mortgage obligation or commencing any legal action under RCW 61.12.040;
(b) Fail to state the nature of the default, the correct amount or action that is required to cure the default, if any, or the time and manner in which to cure if cure is possible; or
(c) To send the notice required in this section without the advisory language and information about foreclosure assistance.
[ 2018 c 306 § 9.]