What Public Notice Requirements are There for a Real Estate Foreclosure in Washington State?
Most loan documents in Washington contain a power of sale clause allowing a lender to foreclose upon a property in certain situations. If a lender pursues a foreclosure then the lender must publish a Notice of Sale weekly for four consecutive weeks in a local newspaper. Additionally, the Notice of Sale must be posted for four weeks prior to the sale date at the court house, in another public place and at the property that is being foreclosed.
In the absence of a power of sale clause, a lender may file a lawsuit against the borrower. The filing of the lawsuit serves as public notice of the lender’s intent to foreclose and the court may set additional public notice requirements.
Additional Foreclosure Articles
- Does Washington State Law Allow for a Redemption Period After a Foreclosure?
- Where and When do Foreclosure Sales Take Place in Washington State?
- Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Washington State?
- How Can a Lender Foreclose on a Property in Washington?
- How Long Does the Typical Foreclosure Process Take in Washington?
- Can I Keep My Home If I File Bankruptcy in Washington?
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