Court Upholds Condominium Association Foreclosure that Extinguished Bank’s Lien (WA)

In late 2009, a Washington condominium association foreclosed on a first position lien for delinquent assessments and purchased the unit at a trustee’s sale for $8,818.17. Deutsche Bank, which had a junior lien on the unit for $240,000 that was extinguished by that foreclosure sale, was notified of the association’s foreclosure but did not respond.    Read the article……….