Washington DC foreclosure

Washington DC uses the deed of trust as the debt instrument and the DC foreclosure process is non-judicial, in other words not settled by a court.

What usually happens is that the deed of trust contains a power of sale clause which specifies what will happen in case you default on the loan.

If the power of sale clause specifies the time, place and the terms of the sale of the house once the borrower defaults on the loan, those terms are followed.

However, if there are no terms or if there is no clause then the lender will have to obtain a court order specifying the terms of the sale.

Regardless of the situation, at least 30 days before the sale, the lender must send written notice (certified, return receipt) to the borrower at his/her last known address. In addition, the lender has to send a copy to the mayor of Washington DC or his designated agent. The 30 days begin when the mayor receives the letter.

The whole process takes about 2 months to complete.

Click here to go from "DC foreclosure" page to "foreclosure directory"