NOTICE OF TRUSTEE'S SALE OF COMMERCIAL LOAN

NOTICE OF TRUSTEE’S SALE OF COMMERCIAL LOAN

Grantor: Brian M. Brown, a single person

Current beneficiary of the Deed of Trust: Carlos E. Jones

Current trustee of the deed of trust: Charles V. Carroll, Attorney at Law

Current mortgage servicer (collection escrow) of the Deed of Trust: VTE of Stevens County

Recording number of the Deed of Trust: 7303661

Parcel number: 26362.1027

I. NOTICE IS HEREBY GIVEN BY Charles V. Carroll, Attorney at Law, the undersigned Successor Trustee, that he or his designated agent will, on Friday, December 13, 2024 at the hour of 10:00 a.m. inside the main front entrance to the Spokane County Courthouse, 1116 W. Broadway, City of Spokane, State of Washington, sell at public auction to the highest and best bidder, payable at the time of sale, the following described real property, situated in the County of Spokane, State of Washington:   

LOT 27, BLOCK 10, WESTERN THIRD ADDITION, AS PER PLAT THEREOF

RECORDED IN VOLUME 1 OF PLATS, PAGE 48;

Situate in the City of Spokane, County of Spokane, State of Washington

Commonly known as: 2212 W. Central, Spokane, Washington

which is subject to that certain Deed of Trust dated August 18, 2023 and recorded August 22, 2023 under Recording No. 7303661, records of Spokane County, Washington, Brian M. Brown, a single person, as Grantor, to Charles V. Carroll, Attorney at Law, as Trustee, to secure an obligation in favor of Carlos E. Jones.    The servicer/collection escrow of the Deed of Trust is VTE of Stevens County, LLC, P.O. Box 349, Colville, WA 99114; Tel: 509-684-4589 (Acct. No. 20230390).

II.    No action commenced by the Beneficiary of the Deed of Trust is now pending to seek satisfaction of the obligation in any Court by reason of the Grantor’s or Borrower’s default on the obligation secured by the Deed of Trust.

III.    The Beneficiary alleges default of the Deed of Trust for failure to pay the following amounts now in arrears:

A.    Balloon Payment of principal balance due on 2/18/24:         $115,000.00

B.    Interest at 8% per annum from 2/8/24 to 2/18/24:                           230.04                           

C.    Default Interest at 15% per annum from 2/18/24 to 9/5/24:                     9,584.00

D.    Late Charge of 5% for failure to remit balloon payment

            within 5 days of due date:                     5,750.00

E.    Future advances to first lien Deed of Trust holder: To be determined.

Total Payments:               $    130,564.04       

F. Est. Foreclosure Costs:

Trustee’s Sale Guarantee:                       $ 824.04

Attorney’s Fees:                                           3,500.00

Process Service/Posting: 150.00

Statutory Mailings:           100.00

Copying, Tel., Fax.:       50.00     

Recording Fees - Notice of Trustee’s Sale:     310.50

Recording Fees - Trustee’s Deed: 315.50

Escrow Close Out & Misc. Escrow Fees: 250.00

Total Costs:       $            5,500.04

TOTAL EST. AMOUNT DUE:       $    136,064.08

and the following other defaults which do not involve payments due to the Beneficiary: Failure to pay monthly payments on first lien position Note & Deed of Trust to holder.          

IV. The sum owing on the obligation secured by the Deed of Trust is: Principal Balance of $115,000.00,    together with interest as provided in the note or other instrument secured from February 9, 2024 and such other advances, costs, late charges and fees as are due under the note or other instrument secured and as are provided by statute.   

V. The above-described real property will be sold to satisfy the expense of sale and the obligation secured by the Deed of Trust as provided by statute.    The sale will be made without warranty, express or implied, regarding title, possession or encumbrances on December 13, 2024.    The default(s) referred to in Paragraph III must be cured by December 2, 2024 (11 days before the sale date) to cause a discontinuance of the sale.    The sale will be discontinued and terminated if any time on or before the close of the Trustee’s business office on December 2, 2024 the default(s) as set forth in Paragraph III is/are cured and the Trustee’s fees and costs are paid.    The sale may be terminated any time after December 2, 2024, and before the sale, by the Borrower, Grantor, any Guarantor, or the holder of any recorded junior lien or encumbrances paying the entire principal and interest secured by the Deed of Trust, plus costs, fees, and advances, if any, made pursuant to the terms of the obligation and/or Deed of Trust.   

VI. A written notice of default was transmitted by the Beneficiary or Trustee to the Borrower and Grantor and Guarantor, if any, at the following address(es):

Brian Brown

2212 W. Central

Spokane, WA 99205

by both first class and certified mail on July 29, 2024 proof of which is in the possession of the Trustee, and the Borrower and Grantor were personally served with said written notice of default, or the written notice of default was posted in a conspicuous place on the real property described in Paragraph I above, on July 31, 2024, and the Trustee has possession of proof of such service or posting.

VII. The Trustee whose name and address are set forth below will provide in writing to anyone requesting it, a statement of all costs and fees due at any time prior to the sale.

VIII. The effect of the sale will be to deprive the Grantor and all those who hold by, through or under the Grantor of all their right, title and interest in the above-described property.

IX.    Anyone having any objection to the sale on any grounds whatsoever will be afforded an opportunity to be heard as to those objections if they bring a lawsuit to restrain the sale pursuant to RCW 61.24.130.    Failure to bring such a lawsuit may result in a waiver of any proper grounds for invalidating the Trustee’s sale. NOTICE TO OCCUPANTS OR TENANTS

X.    The purchaser at the Trustee’s sale is entitled to possession of the property on the 20th day following the sale, as against the Grantor under the deed of trust (the owner) and anyone having an interest junior to the deed of trust, including occupants who are not tenants.    After the 20th day following the sale the purchaser has the right to evict occupants who are not tenants by summary proceedings under Chapter 59.12 RCW.    For tenant-occupied property, the purchaser shall provide a tenant with written notice in accordance with RCW 61.24.060.

DATED: September 5, 2024 /s/ Charles V. Carroll                                                                         Charles V. Carroll, Attorney at Law

Trustee

12815 E. Sprague Ave., #250

Spokane Valley, WA 99216

Telephone:    (509) 624-8200

Published November 14 and December 5, 2024