(Download) "Metropolitan Mortgage & Securities Co. V. Becker" by Division Three Court of Appeals of Washington " Book PDF Kindle ePub Free

eBook details

Title: Metropolitan Mortgage & Securities Co. V. Becker
Author : Division Three Court of Appeals of Washington
Release Date : January 10, 1992
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 73 KB

Description

James and Pamela Becker executed a promissory note and deed of trust as vendees of a parcel of land with prior encumbrances. Metropolitan Mortgage & Securities Co., Inc., acquired the promissory note and the deed of trust by assignment from the original payee, Paul and Carol Slater. The Beckers' subsequent purchasers defaulted to a vendor senior to the Beckers. The secured property was then forfeited. Metropolitan successfully brought suit to enforce the Beckers' promissory note and also sought reasonable attorney fees pursuant to the note. The Beckers appeal, contending the promissory note is unenforceable because: (1) Metropolitan was a transferee