Washington is a non-judicial foreclosure state with a deed of trust system. Seattle homeowners benefit from WA's Foreclosure Fairness Act — mandatory mediation before foreclosure. With King County's high home values, your equity at risk is substantial. Dream Financial Management since 1994.
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Understand the protections Washington offers homeowners facing foreclosure in Seattle and King County — including mandatory mediation and anti-deficiency rules.
WA non-judicial deed of trust foreclosure timeline
WA Foreclosure Fairness Act — mandatory mediation available
King County median home price — equity at risk
Washington requires lenders to send a notice about foreclosure mediation. Homeowners can request mediation with a neutral third party. The mediation must occur before the Notice of Trustee Sale can be recorded. This is a powerful pre-foreclosure protection — use it.
Washington prohibits deficiency judgments after non-judicial foreclosure on owner-occupied residential property. This protection is automatic — the lender cannot pursue you for the remaining balance after a trustee sale.
Request free mediation under the WA Foreclosure Fairness Act to negotiate with your lender.
Use mediation to negotiate affordable modification terms and keep your home.
Pay all arrears and fees to bring your loan current before the trustee sale.
With King County's high home values, a short sale can protect your equity and credit.