What happens if I fail to make payments during a foreclosure process?

If you fail to make payments during a foreclosure process in Washington, then a few things may happen. Your lender or creditor may be able to seize your property and sell it to pay off the debt owed. Your lender may also issue a deficiency judgment, which means they can collect the difference between what the property is sold for and the amount of debt owed. The foreclosure process in Washington may be complicated, but there are laws available to help you avoid it. The Washington Homeownership Information Hotline (WHIH) offers free legal advice to anyone facing foreclosure. Additionally, you may be able to access foreclosure defense law, which can help you challenge the foreclosure process and negotiate solutions with your lender. Foreclosure defense law typically involves legal strategies that attempt to protect your rights as a borrower and potentially postpone or stop the foreclosure. Your lawyer will work with you to explore your options, including filing motions to dismiss the foreclosure, seeking a loan modification, or filing a lawsuit. It is important to note that foreclosure defense laws are state-specific and may not be available in all states. It is important to consult an attorney who is familiar with the foreclosure laws in Washington before attempting to defend yourself against a foreclosure.

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What happens if I fail to make payments during a foreclosure process?

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