JUDICIAL FORECLOSURE

The Legislature has provided two methods of foreclosure for deeds of trust: judicial foreclosure under RCW 61.12 and nonjudicial foreclosure under RCW 61.24. There are substantial differences in the respective rights of lenders and borrowers under each, which arise from the particular history of each statute.

NONJUDICIAL FORECLOSURE Nonjudicial foreclosure under the Act, RCW 61.24, is a quick and inexpensive alternative to judicial foreclosure. The Legislature adopted the Act in 1965 because it was concerned that the cumbersome judicial foreclosure procedures were inhibiting residential financing in the state.

JUDICIAL AND NONJUDICIAL FORECLOSURE CASE LAW

The Supreme Court of Washington. En Banc. DONOVICK v. SEATTLE-FIRST 111 Wn.2d 413 (Wash. 1988)

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THE DIFFERENCE BETWEEN JUDICIAL AND NON-JUDICIAL FORECLOSURE IN WASHINGTON STATE