Wash. Rev. Code ch. 61.24 – Deeds of trust. | Midpage

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Revised Code of Washington

Chapter 61.24

Wash. Rev. Code ch. 61.24

Deeds of trust.

61.24.005Definitions. (Effective until January 1, 2026.)61.24.008Borrower referred to mediation—When.61.24.010Trustee, qualifications—Successor trustee.61.24.020Deeds subject to all mortgage laws—Foreclosure—Recording and indexing—Trustee and beneficiary, separate entities, exception.61.24.025Application of federal servicemembers civil relief act to deeds of trust.61.24.026Notice to senior beneficiary of sale—Residential, owner-occupied—Proceeds of sale insufficient to pay in full obligation—Timeline—Failure of beneficiary to respond.61.24.030Requisites to trustee's sale. (Effective until January 1, 2028.)61.24.031Notice of default under RCW 61.24.030(8)—Beneficiary's duties—Borrower's options. (Effective until January 1, 2028.)61.24.033Model language for initial contact letter used by beneficiaries—Rules.61.24.040Foreclosure and sale—Notice of sale. (Effective until January 1, 2028.)61.24.042Notice to guarantor—Contents—Failure to provide.61.24.045Requests for notice of sale.61.24.050Interest conveyed by trustee's deed—Sale is final if acceptance is properly recorded—Redemption precluded after sale—Rescission of trustee's sale.61.24.060Rights and remedies of trustee's sale purchaser—Written notice to occupants or tenants.61.24.070Trustee's sale, who may bid at—If beneficiary is purchaser—If purchaser is not beneficiary.61.24.080Disposition of proceeds of sale—Notices—Surplus funds.61.24.090Curing defaults before sale—Discontinuance of proceedings—Notice of discontinuance—Execution and acknowledgment—Payments tendered to trustee.61.24.100Deficiency judgments—Foreclosure—Trustee's sale—Application of chapter.61.24.110Reconveyance by trustee.61.24.120Other foreclosure provisions preserved.61.24.127Failure to bring civil action to enjoin foreclosure—Not a waiver of claims.61.24.130Restraint of sale by trustee—Conditions—Notice.61.24.135Consumer protection act—Unfair or deceptive acts or practices—Penalties—Notice.61.24.140Assignment of rents—Collecting payment of rent.61.24.143Foreclosure of tenant-occupied property—Notice of trustee's sale.61.24.146Foreclosure of tenant-occupied property—Notice to vacate.61.24.155Unit owner delinquency—Housing counseling services—Duties of housing counselors. (Effective January 1, 2026, until January 1, 2028.)61.24.157Residential mortgage loans—Foreclosure prevention fee—Notice.61.24.158Notice of default fee—Foreclosure prevention fee—Annual report.61.24.160Housing counselors—Good faith duty to attempt resolution—Resolution described—Mediation—Liability for civil damages—Annual report.61.24.163Foreclosure mediation program—Timelines—Procedures—Duties and responsibilities of mediator, borrower, and beneficiary—Fees—Annual report. (Effective until January 1, 2026.)61.24.165Application of RCW 61.24.163. (Effective until January 1, 2026.)61.24.166Application of RCW 61.24.163 to federally insured depository institutions—Annual application for exemption.61.24.169Department maintains list of approved foreclosure mediators—Training program—Mediator involvement in civil action.61.24.172Foreclosure fairness account created—Uses.61.24.177Deed of trust pool—Duty of servicer to maximize net present value.61.24.180Trustee as defendant—Declaration of nonmonetary status—Objection.61.24.190Notices of default—Requirements—Payment—Department not civilly liable if no gross negligence in releasing information—Application. (Effective until January 1, 2028.)