Washington DC Foreclosure Law
Facts:
Judicial Foreclosure Available: No
Non-Judicial Foreclosure Available: Yes
Primary Security Instruments: Deed of Trust
Timeline: Approximately 60 Days
Right of Redemption: No
Deficiency Judgments Allowed: Yes
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Quick Summary:
In Washington, DC, lenders may foreclose on deeds of trusts in default using a non-judicial foreclosure process.
The foreclosure timeline in Washington, DC is approximately 60 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, DC borrowers does not have the right of redemption but are allowed deficiency judgments.
For more information on Washington DC Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state.
Or Contact:
Washington, DC's Attorney General's Office
Carvel State office building
820 N. French St.
Wilmington, DE 19801
Ph: (302) 577-3047
Fax:(302) 577-3090