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.
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.
WA's mediation program gives you leverage. Dream Financial Management helps Seattle homeowners. Since 1994.
Stop Seattle Foreclosure — Free