Foreclosure help
Facing foreclosure? Understand your options.
It's a stressful situation. Here's general information about the process and how selling to a cash buyer may be one option to consider.
General education
How foreclosure generally works in Washington
- Missed payments. After missed payments, a lender may send notices about the default.
- Pre-foreclosure notices. Most Washington foreclosures are non-judicial. Homeowners typically receive a notice of default and information about meeting with the lender, including through mediation programs.
- Notice of trustee's sale. If the default isn't resolved, a sale date may be scheduled and recorded.
- Trustee's sale. The property may be sold at public auction on the scheduled date.
Timelines and rights vary. Speak with an attorney or housing counselor about your specific situation.
Free resources
Get independent help
- Washington State Foreclosure Fairness Program / Homeownership Hotline: 1-877-894-4663
- HUD-approved housing counselors: hud.gov/counseling
- Washington Department of Financial Institutions: dfi.wa.gov
- Northwest Justice Project / CLEAR legal aid hotline
Where we fit
Selling before a sale date
Some homeowners choose to sell rather than go through a foreclosure sale. We may be able to purchase qualifying properties before the scheduled sale. Whether that's possible depends on the property, the amount owed, title issues, and timing. Any sale proceeds go first toward paying off liens at closing through a licensed title or escrow company.
Talk through your options
No obligation. If you have a sale date, include it in step 2.
Ready to talk about your property?
Free, no-obligation conversation with the Brick & Mortar team.