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What is a Short Sale?

Foreclosure vs. Short Sale

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Free Report - Foreclosure Guide

Foreclosure Law

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Washington Foreclosure Law

Facts:

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

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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.

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
905 Plum St., Building #3
P.O. Box 40100
Olympia, WA 98504-0100

Foreclosure Law Definitions

Foreclosure laws for all states

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