61.30.030 - Conditions to forfeiture. - Washington Statutes

Conditions to forfeiture.

It shall be a condition to forfeiture of a real estate contract that:

     (1) The contract being forfeited, or a memorandum thereof, is recorded in each county in which any of the property is located;

     (2) A breach has occurred in one or more of the purchaser's obligations under the contract and the contract provides that as a result of such breach the seller is entitled to forfeit the contract; and

     (3) Except for petitions for the appointment of a receiver, no arbitration or judicial action is pending on a claim made by the seller against the purchaser on any obligation secured by the contract.

[1988 c 86 § 3; 1985 c 237 § 3.]