Washington Foreclosure LawFacts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: Yes Primary Security Instruments: Deed of Trust or Mortgage Timeline: Approximately 120 Days Right of Redemption: Yes, but may be precluded Deficiency Judgments Allowed: Yes, Judicial Foreclosure only Quick Summary: In Washington, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. The foreclosure timeline in Washington is approximately 120 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale. Washington borrowers have the right of redemption (unless redemption rights have been precluded) and are allowed deficiency judgments in judicial foreclosure only and on rare occasions.
New Information on Washington Foreclosure Laws and regulations: For deeds of trust made from January 1, 2003, to December 31, 2007, for owneroccupied, residential property, a 30-day extension is made to the current timeline for foreclosure.To view WA SB 5810 click here For more information on Washington Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: Washington's Attorney General's Office How Can SaveMeFromForeclosure.com Help Stop Foreclosure on My Home? We can help you either Keep or Sell Your Home to Avoid Foreclosure. Fill out our quick questionnaire and your local SaveMeFromForeclosure.com representative will contact you about how we can help you stop foreclosure today. Want to talk to someone now? Contact us at 1-888-I-Save-80 (1-888-472-8380). |