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Code · Washington · Title 61 — Mortgages, Deeds of Trust, and Real Estate Contracts · Chapter 61.24

RCW 61.24.070

149 words·~1 min read·/wa/title-61/chapter-61-24/61-24-070·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The trustee may not bid at the trustee's sale. Any other person, including the beneficiary, may bid at the trustee's sale.
(2)The trustee shall, at the request of the beneficiary, credit toward the beneficiary's bid all or any part of the monetary obligations secured by the deed of trust. If the beneficiary is the purchaser, any amount bid by the beneficiary in excess of the amount so credited shall be paid to the trustee in the form of cash, certified check, cashier's check, money order, or funds received by verified electronic transfer, or any combination thereof. If the purchaser is not the beneficiary, the entire bid shall be paid to the trustee in the form of cash, certified check, cashier's check, money order, or funds received by verified electronic transfer, or any combination thereof.
[ 1998 c 295 s 9 ; 1965 c 74 s 7 .]
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