§ 60.11.090. Rights and interest of purchaser for value
When a lien is foreclosed in accordance with RCW 60.11.060, the disposition transfers to a purchaser for value all of the lien debtor's right therein and discharges the lien under which it is made and any security interest or lien subordinate thereto. The purchaser takes free of all such rights and interest even though the lien holder fails to comply with the requirements of this chapter or of any judicial proceedings under RCW 60.11.070:
(1) In the case of a public sale, if the purchaser has no knowledge of any defects in the sale and if he or she does not buy in collusion with the lien holder, other bidders, or the person conducting the sale; or
(2) In any other case, if the purchaser acts in good faith.
[1986 c 242 § 9.]
Sections: Previous 60.11.020 60.11.030 60.11.040 60.11.050 60.11.060 60.11.070 60.11.080 60.11.090 60.11.100 60.11.110 60.11.120 60.11.130 60.11.140 60.11.900 60.11.901 NextLast modified: April 7, 2009