Brownstown Real Estate News

Brownstown Real Estate News

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  • in Re: the Matter of the Estate of Jason L. Patton

    Aug 1, 2017 | via FindLaw 

    Do administration expenses of a decedent's estate hold priority above the decedent's secured debt to the proceeds from a nonjudicial foreclosure of the secured real property? After reviewing the probate code and the deed of trust act, we answer in the negative and reverse the trial court's order establishing priority in favor of administration expenses. In 2007, Jason Patton obtained an $115,000 home loan from Countrywide Home Loans, Inc. A deed of trust on Patton's Union Gap residence secured the loan.

    Comment?

    Related Topix: Foreclosures, Union Gap, WA, Yakima County, WA

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