A Washington lender records a Notice of Default on a $480,000 property on June 1. The borrower does not cure the default. The trustee issues the Notice of Trustee's Sale on July 1 (30 days after the Notice of Default). The scheduled trustee's sale date is October 1. A title company is reviewing the timeline for compliance with RCW 61.24. How many days will have elapsed between the Notice of Default and the scheduled sale date, and does this meet the 190-day minimum requirement?
Correct Answer
D) 122 days elapsed; does not meet the 190-day minimum requirement.
Step 1: Count days from June 1 (Notice of Default) to October 1 (scheduled sale). June has 30 days: June 1 to June 30 = 29 days remaining in June. July = 31 days. August = 31 days. September = 30 days. October 1 = 1 day. Total: 29 + 31 + 31 + 30 + 1 = 122 days. Step 2: RCW 61.24.040 requires a minimum of 190 days from Notice of Default to trustee's sale. Step 3: 122 days < 190 days. The scheduled October 1 sale date does NOT meet the 190-day minimum requirement. The earliest permissible sale date would be December 8 (June 1 + 190 days).
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