What happens after a foreclosure sale?

After a foreclosure sale, the homeowner or borrower no longer has any rights to the property that was foreclosed upon. The new owner, usually the lender or the company that bought the property at the foreclosure sale, has the right to take possession of the property. In Washington, the new owner must give the former homeowner a “right to occupancy” notice. This notice gives the former homeowner 21 days to move out of the property. The former homeowner cannot be thrown out of the property without a court order and a sheriff must be present for eviction. If the former homeowner does not move out by the end of the 21 days, the new owner can start the eviction process. First, the owner must file an Unlawful Detainer action in court. The court will then issue a summons and the former homeowner will have 7 days to respond to the summons. The former homeowner can challenge the foreclosure, if they have grounds to do so, or they can agree to move out voluntarily. If the former homeowner does not respond to the summons or respond within the 7-day period, the court will issue an eviction order and the sheriff can enforce the order and remove the former homeowner from the property. After the eviction, the new owner can take immediate possession of the property and can start making any necessary repairs or improvements. The new owner can also rent out the property or sell it as they wish.

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What happens after a foreclosure sale?

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