Can a lender foreclose on a property without a court order?

In Washington, a lender may not foreclose on a property without a court order. This is due to a process known as judicial foreclosure, which requires a court to provide authorization before a foreclosure can take place. Judicial foreclosure works by a lender filing a lawsuit against the defaulting borrower, in which the lender requests the court to grant permission to foreclose on the property. If the court approves the request, the borrower will be notified and given a certain amount of time to pay the remaining balance on the loan. If the borrower does not pay the remaining balance or cannot make any other arrangements with the lender, the court will issue a judgment of foreclosure, allowing the lender to take possession of the property. In some cases, the court may even allow the lender to proceed with a foreclosure sale, in which the property is sold at auction to the highest bidder. While a lender in Washington may not foreclose on a property without a court order, lenders may still pursue other forms of collection. It is important that borrowers in Washington contact an attorney if they are facing foreclosure in order to understand all of their options.

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Can a lender foreclose on a property without a court order?

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