Learn how the Washington foreclosure process works, including preforeclosure steps, foreclosure procedures, and homeowner rights. The lender must sell, lease, or otherwise dispose of the vehicle, unless you sign a statement after the default allowing the lender to keep the vehicle in full.Nonjudicial foreclosures happen without court supervision. Washington law sets out the specifics of what steps the bank needs to complete. Find out what happens when you miss a mortgage payment, when foreclosure starts, and if you can redeem your home in Washington. You have the right to redeem the repossessed item up until it is sold or within 21 days of receiving notice that the creditor is going to keep it. Overall you will have at a minimum 180 days from the date your notice of preforeclosure options is issued to take action to save your home. • offers to fill out paperwork for you. • tells you that it can do a "forensic loan audit" that may allow you to keep your house without paying. The lender mails a notice of default to the borrower, which includes the amount required to reinstate the loan.
