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Foreclosure Survival Guide
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Foreclosure Survival Guide (1st Edition)
| Topic | State Rule |
|---|---|
| Common types of foreclosure process | Nonjudicial: under power of sale in deed of trust
Judicial foreclosure required if property used primarily for agricultural purposes. |
| Time to respond | Foreclosing party must serve notice of default on homeowner 30 days before notice of sale is served. The notice of default must be served by both first-class mail and by registered or certified mail, return receipt requested, and by either posting the notice on the premises in a prominent place or by personal service on homeowner. Foreclosing party must serve notice of sale in the same manner as the notice of default at least 90 days before sale date. |
| Reinstatement of loan before sale | Allowed up to 11 days before sale |
| Redemption after sale | No |
| Special protections for foreclosures involving high-cost mortgages | None |
| Special state protections for service members | Wash. Rev. Code § 4.16.220 |
| Deficiency judgments | Not allowed in nonjudicial foreclosures
Judicial: may be obtained |
| Cash exempted in bankruptcy | About $11,000 for one person, $22,000 for a married couple under federal bankruptcy exemptions |
| Notice to leave after house is sold | New owner entitled to possession 20 days after purchase and may file eviction (unlawful detainer) lawsuit. |
| Foreclosure statutes | Wash. Rev. Code §§ 61-24.020 to 61.24.140 |