Washington Standard Foreclosure Notice - What is it?

If you received foreclosure and are wondering what happened, read on. Basically, a foreclosure notice is a document that a lender must provide to begin the foreclosure process. It is usually generated at the beginning of the foreclosure process.

A notice of default in Washington must be sent to anyone with an interest in the property (any other loan, lender, or even contractor who owes money to do work on the property will receive a copy).

Notice of seizure must also be published in a newspaper and posted in a prominent place on the property itself. While this is indeed embarrassing for someone coming out of foreclosure, it is actually very important for consumer protection.

Before US law required a standard notice, people were sometimes excluded without warning. In fact, this has even happened in recent years, with at least one bank accidentally foreclosing on the wrong property and evicting people without due process or warning. It even happened near Washington. A notice of default is a very important step in the foreclosure process, allowing people with an interest in the property to move forward and claim their rights - before it's too late.

If you receive a notice of violation, don't wait. Time is of the essence, and you must act. You still have the option to stay at home!

Here are some important steps you need to take:

Keep calm and don't panic.

 It sounds obvious, but it's probably the most important. Anyone with foreclosure faces a lot of stress outside of the property. These situations do not happen overnight and take time to resolve. By practicing good coping skills and taking care of yourself and your family, you will get through this. Panic leads to bad decisions, so stay calm. The more relaxed you are with the lender, the more confident they will be in solving the problem.

Educate yourself.

Do your best to learn about the foreclosure process in your state so you know what's going on and what's next. Read blogs like this one and call lawyers and financial experts.

Gather your resources.

Many nonprofit and government resources are also available. You need good legal and tax advice during this process. Don’t try to do everything yourself. This case is very complicated with many rules.

 Know your options.

We're here to help you avoid foreclosure. We buy houses for cash. We can help you with a short sale  or even a leaseback so that you (potentially) continue to live in the property. There are more options than you can imagine.

Communication.

The banks involved don't want to sell your property in Washington. They want money and what you say matters. If you take the right steps, you can slow or stop the foreclosure process.

Do you want to know more? You are welcome to call us at (509) 255-7888 or visit our website

We list all the options based on your specific situation.