§ 61.24.070. Trustee's sale, who may bid at -- If beneficiary is purchaser -- If purchaser is not beneficiary
(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 § 9; 1965 c 74 § 7.]
Sections: Previous 61.24.025 61.24.030 61.24.040 61.24.042 61.24.045 61.24.050 61.24.060 61.24.070 61.24.080 61.24.090 61.24.100 61.24.110 61.24.120 61.24.130 61.24.135 NextLast modified: April 7, 2009