Can I still make payments on my loan after a foreclosure sale?

In Washington, the answer to the question of whether you can still make payments on your loan after a foreclosure sale is no. Once a foreclosure sale has taken place, the property is sold, and the lender has taken ownership of the property. The borrower is then no longer responsible for any payments on the loan. However, in some cases, the borrower may be able to negotiate a repayment plan with their lender. This may be possible if the lender is willing to work with the borrower, and the borrower is able to make the payments in a timely manner. Additionally, in some cases, the borrower may be able to redeem their property after the foreclosure sale has taken place. This is known as a redemption period, and it is a period of time that allows the borrower to “buy back” the property once it has been sold. The borrower must pay the full amount of the outstanding loan plus any fees and interest in order to redeem the property. However, this is only available in some states, and Washington is not one of those states. Ultimately, once a foreclosure sale has taken place in Washington, the borrower is no longer able to make payments on the loan and cannot redeem their property.

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Can I still make payments on my loan after a foreclosure sale?

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