What are the foreclosure laws in my state?

In the state of Washington, the foreclosure process is governed by Chapter 61.24 of the RCW (Revised Code of Washington). The process begins when the lender files a complaint in court and serves the borrower with a copy of the complaint. The borrower must respond to the complaint within twenty (20) days, otherwise a default judgment may be entered against them. Once the complaint has been filed, the borrower has certain rights, such as the right to receive a notice of the foreclosure sale and the right to receive an appraisal of the property that is being foreclosed. The lender must then hold a foreclosure sale where the property will be sold to the highest bidder. If the property does not sell, then the lender may repossess the property and either sell it or rent it out. The lender may also try to collect any unpaid amounts from the borrower. The lender may also take actions to repair damages that were caused by the borrower, such as changing locks, boarding up windows, and cleaning up garbage. When the foreclosure process is complete, the borrower must still pay the lender any remaining amount due. If the borrower fails to do so, the lender can pursue a deficiency judgment against the borrower. This deficiency judgment allows the lender to collect any unpaid balance that is due. In summary, the foreclosure laws in Washington state allow the lender to take certain actions against borrowers who are unable to pay their mortgage. The lender is allowed to take steps to recover any unpaid balance due, as well as take measures to prevent any further damage to the property that may have been caused by the borrower.

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What are the foreclosure laws in my state?

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