Contracts
A Washington buyer purchases a home using seller financing with a land contract. The seller retains legal title. If the buyer defaults, the seller's remedy depends on whether they:
ACan simply evict the buyer as a tenant
BUse the forfeiture remedy (if applicable) or must foreclose like any other lender under Washington case law✓ Correct
CFile a small claims court case for the unpaid amounts only
DAutomatically regain possession upon default
Explanation
Under Washington case law and the Deed of Trust Act's influence, land contract sellers may not always rely on simple forfeiture. Courts have sometimes required sellers to proceed with judicial or non-judicial foreclosure when significant equity has been built up, providing buyer protections.
Related Washington Contracts Questions
- In Washington, a buyer submits an offer with a 72-hour bump clause. The seller then accepts a back-up offer with a 72-hour notice period. The first buyer receives the notice. The first buyer must:
- Under Washington contract law, a 'void' contract differs from a 'voidable' contract in that a void contract:
- A Washington purchase and sale agreement includes an inspection contingency. The buyer's inspection reveals a cracked foundation. The buyer may:
- A buyer submits an offer with an earnest money check of $10,000. The seller's broker must:
- In Washington, a purchase agreement for the purchase of a newly constructed home from a builder typically includes a 'new construction addendum' that addresses:
- A Washington real estate purchase and sale agreement uses the NWMLS standard form. A buyer's agent wants to add a special clause. The proper way to do this is to:
- In Washington, a seller who makes a material misrepresentation in the seller disclosure statement (Form 17) may be liable for:
- A Washington buyer and seller have a purchase and sale agreement. The seller dies before closing. What typically happens to the contract?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →