Foreclosure Process for Washington (WA)

By
Mortgage and Lending with Loan Modification

If you live or own a home in Washington and are facing foreclosure, please see below for the step by step process.

 

Judicial Foreclosure Available: Yes
Non-judicial Foreclosure Available: Yes


Non-judicial Foreclosure

Non-judicial foreclosure proceedings are permitted in Washington, provided there is a power of sale clause in the trust deed, and the real property is not used for agricultural purposes. There can be no pending lawsuit for foreclosure at the same time as a non-judicial procedure is attempted. Default must be defined in the trust deed.

 

Preliminary Notices

Advertising


The trustee must publish the notice of sale as follows: once between the 32nd and 28th days before the sale, and once between the 11th and 7th days before the sale.

Mailing

A written notice of the foreclosure sale must be mailed by certified mail, return receipt requested, to the borrower at his or her last known address at least 30 days by recording the notice of sale 120 days before foreclosure may be personally served instead.

Recording


At least 90 days before sale, the trustee must record a notice of the foreclosure sale and mail it to anyone with a lien or claim against the property.

Posting

At least 90 days before sale
, the trustee must post the foreclosure notice on the premises to be foreclosed.

Cure


The borrower has up to 11 days before the sale to cure the default by paying the past due payments, plus expenses including trustee and attorney fees. Curing the default stops the foreclosure.

Sale Procedures

Time

The time of sale is specified in the notice of sale. It must be not less than 190 days from the date of default.

Postponement


The trustee may postpone the sale.

Manner

The sale is to the highest bidder.

Deficiency


If non-judicial foreclosure is selected by the lender, then it cannot sue for a deficiency judgment. On judicial foreclosure sales, the borrower can be sued for a deficiency, unless the property is found to be abandoned for six months before the decree of foreclosure.

 

How to Avoid Loan Modification / Loss Mitigation Scams

Loan Modification Scams Update

Loss Mitigation Services FAQ's

Investors Facing Foreclosure

Why won't my lender won't work with me?

How to Prevent Foreclosure on Your Investment Property

www.KeepYourProperty.info

 

Pre-Approval Loan Modification Application

 

 

C Thompson

407-219-8739

cthompson@keepyourproperty.info

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Rainmaker
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Greg Nino
RE/MAX Compass, formerly RE/MAX WHP - Houston, TX
Houston, Texas

Where has Callie been????

Nov 05, 2008 07:18 AM #1
Rainmaker
94,176
C. Thompson
Loan Modification - Bethesda, MD
Loss Mitigation Cases

Hey Greg!! Iv'e been so busy with work and I know that's not an excuse, I need to be dedicating at least an hour a day to "The Rain". Nice to see you!

Nov 05, 2008 07:23 AM #2
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