How long do I have to stay in my home after a foreclosure?

In Washington, homeowners facing a foreclosure process have a period of time after the foreclosure in which they are allowed to stay in their homes. This period is known as the redemption period and is typically 90 days long. During this period, homeowners may stay in their home, but they must still be paying their mortgage and making other necessary payments. At the end of the redemption period, the homeowners must vacate the home, as the lender has regained possession. The lender may choose to extend the redemption period in some cases, giving homeowners more time in the home. This is often done if the homeowner is actively working to resolve the mortgage issue and show that they intend to make their payments. The lender may also offer a cash for keys program, where the homeowner receives a small sum of money in exchange for vacating the home in a reasonable amount of time. When the 90-day redemption period has expired, homeowners must move out of their homes. To avoid any legal issues, it is wise for homeowners to leave the home as soon as possible following the expiration of the redemption period. In this way, the lender will regain possession of the property sooner, and the homeowner can benefit from a smoother transition.

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