Tuesday, October 23, 2012

The FORECLOSURE Process, Washington


Washington Foreclosure Process


Start of the foreclosure process. While the homeowner must receive a Notice of Default, it is not commonly recorded in Washington and therefore not tracked in ForeclosureRadar.
RCW 61.24.030
Sets auction date. Recorded at least 30 days after the Notice of Default.
RCW 61.24.030(7)
Initial auction date. At least 90 days from service of Notice of Trustee Sale.
RCW 61.24.040(1)(a)
The sale occurs on a Friday.
RCW 61.24.040(5)
Auction may be postponed for up to 120 days.
RCW 61.24.040(6)
 Transfers property to highest bidder. 

Possession granted 20 days after the sale.
RCW 61.24.060(1)
No deficiency judgment.
RCW 61.24.100


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