Williams v. Continental Securities Corp.

153 P.2d 847, 22 Wash. 2d 1, 1944 Wash. LEXIS 378
CourtWashington Supreme Court
DecidedDecember 7, 1944
DocketNo. 29457.
StatusPublished
Cited by11 cases

This text of 153 P.2d 847 (Williams v. Continental Securities Corp.) is published on Counsel Stack Legal Research, covering Washington Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Williams v. Continental Securities Corp., 153 P.2d 847, 22 Wash. 2d 1, 1944 Wash. LEXIS 378 (Wash. 1944).

Opinion

Steinert, J.

This appeal presents a controversy primarily between two individuals who had been competing bidders at a sheriff’s sale of real property. However, other persons, original parties in the action, have an interest in, and are indirectly affected by, the results. The individual whose bid at the sale was the highest in amount has appealed from an order confirming sale of the property to the person whose bid was next highest.

*3 There is little dispute as to the facts. In December, 1926, the owner of an apartment house building in Seattle executed a mortgage thereon to secure a bond issue of forty-five thousand dollars. The mortgage became in default and was thereafter foreclosed by decree entered March 9, 1944. The total amount of the judgment, including principal, interest, trustee’s fees, and attorneys’ fees, was $65,327.50. The decree was based on a stipulation which provided that the property should not be sold for less than thirty-three thousand dollars; that the plaintiff trustee should satisfy any part of the judgment remaining unpaid after application of the purchase price to the indebtedness; and that the defendant should execute to the purchaser a deed to the property, including any right or equity of redemption.

A writ of execution, also termed an order of sale, directed to the sheriff, was duly issued and the sheriff thereupon published and posted notice of sale to be held at 10 a. m. on April 15, 1944. At the request of the plaintiff in the action, the sale was postponed, first to April 22nd, and then to April 29th, at the same hour and place.

The sale was conducted by Mrs. L. E. Anderson, a deputy sheriff. Plaintiff attended the sale accompanied by his attorney and made an opening bid of thirty-three thousand dollars, but went no further in the bidding. The fourth bid, amounting to thirty-three thousand seven hundred dollars, was made by a Mr. Harris, who likewise offered no further bid. From that point on, the bidding was somewhat spirited between the respondent herein, Jay E. Dootson, and the appellant, Frank E. Williams who, it may be stated, is no relation of the plaintiff, W. W. Williams. Dootson’s last bid was thirty-six thousand six hundred dollars, and appellant then bid thirty-six thousand seven hundred dollars, at which figure the sheriff “struck off” the property to the appellant as being the highest and best bidder.

Appellant, however, did not have with him the amount of cash necessary to comply with his bid. He was not personally known to the deputy sheriff who conducted the sale nor had he at any time prior to, or during, the foregoing occasion, given the deputy any intimation as to his personal *4 identity or financial responsibility. He introduced himself simply as Mr. Williams. It was shown upon the trial, however, that appellant was born and reared in Seattle, had been in business in that city since 1919, had for many years been engaged in the same type of vocation as that in which the plaintiff was engaged, and was well known to the plaintiff in the action.

At the conclusion of the bidding, appellant inquired of the deputy sheriff whether he might pay a small sum down and thereby hold the property for the time being but he was told by her that, under the law, execution sales were for cash and that he would have to pay the full amount forthwith. He- thereupon asked for additional time within which to procure the amount necessary to make full payment. It was then 10:12 o’clock a. m. The deputy gave him until 10:45 o’clock to produce the cash or a certified check and at the same time announced to all persons attending the sale that, if the appellant did not produce the required amount within the time specified, the property would then be struck off to the next highest bidder. Having given these instructions, the deputy temporarily left the place where the sale was being conducted.

It appears that, prior to the time of the sale, appellant had made an arrangement with a real estate firm having offices in the Old Times Building at Fifth avenue and Stewart street, in the city of Seattle, whereby he was to secure from that firm the amount of money necessary to cover his bid for the property, whatever that amount might be. Having but thirty minutes within which to produce the money, appellant at once set out to accomplish that objective. He was met, however, by a series of events which caused one delay after another.

It was Saturday morning and traffic was congested. First, appellant had some difficulty in finding a place in which to park his automobile near the Old Times Building. Then, the real estate firm from which he was to obtain the money was operating with a skeleton crew of employees on that .day and therefore could not give prompt service. It took some time before one of its employees could make out the *5 company’s check, drawn on the Seaboard Branch of the Seattle-First National Bank, which is located at Fourth avenue and Pike street in Seattle. The check required the signatures of two officers of the company. Only one officer was present at the time, and it was necessary to wait several minutes for the return of another officer. However, while at the real estate company’s office, appellant did succeed, through telephone communication, in getting from the deputy sheriff an extension of time to 10:58 a. m. to comply with his bid.

Having obtained a check for the required amount, appellant’s next mission was to go to the bank to get the check certified.. Again he encountered traffic difficulties. After finding a place to park in the vicinity of Fourth avenue and Pike street, he went into the bank, but found a long line of people at the window where checks are customarily certified. A man near the head of the line courteously surrendered his place to the appellant, but even with that assistance it took about fifteen minutes to get the check certified.

Appellant then hastened to his car, and found that he had received a traffic slip for parking in an illegal zone. This caused more delay. He then drove hurriedly to the courthouse but could find no parking place nearer than two blocks away. Having finally parked his car, he ran all the way to the courthouse where he arrived at 11:07 a. m. Upon his arrival there, however, he learned that the property had just been sold to respondent, the next highest bidder, for thirty-six thousand six hundred dollars.

Appellant then got in touch with the deputy sheriff and tendered to her the certified check. The tender was refused, upon the ground that the time for completing an execution sale could not lawfully be extended by the sheriff or his deputy beyond the expiration of one hour after the time stated in the notice of such sale.

With reference to what had occurred in the meantime, the evidence discloses that a few minutes before eleven o’clock a. m. of that day, and while the appellant was still absent on the mission described above, the deputy sheriff *6 returned to the place where the sale had previously been in progress. All of the persons who were present at, and had participated in, the original bidding, with the exception of the appellant, were still there. At 10:58 a. m.

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Bluebook (online)
153 P.2d 847, 22 Wash. 2d 1, 1944 Wash. LEXIS 378, Counsel Stack Legal Research, https://law.counselstack.com/opinion/williams-v-continental-securities-corp-wash-1944.