Washington State has a foreclosure rate of one in every 10,615 houses, making it pretty common in Lynnwood. Whether you're facing foreclosure in Lake Stickney, Martha Lake, Spruce Park, or along Stonebridge, you're not alone. Fortunately, you don't have to lose your home just because you've fallen behind.
You have legal options, and our local Lynnwood attorneys know how to use them. Let's talk about how to stop the process, protect what's yours, and move forward. Call today for a free consultation with an experienced foreclosure attorney in Lynnwood. Our legal team is here to help you fight for your home.
What Do I Do If I Receive A Notice Of Foreclosure?Time matters when you receive a Notice of Default or Notice of Trustee's Sale in Lynnwood. Whether you live near Alderwood Mall, Lynnwood City Center, or anywhere in Snohomish County, a foreclosure notice means it's time to act. Here's what to do:
Don't ignore the timeline. Once the trustee records the sale, there's no automatic right to reverse it. If you're in Lynnwood or surrounding areas like Martha Lake, Edmonds, or Bothell, we know the local foreclosure processes inside and out.
What Is Pre-Foreclosure?Pre-foreclosure, which starts when your lender notifies you of the default, is your window to action. During this time, you still legally own your home, meaning you can explore options like loan modification, repayment plans, or bankruptcy to stop the sale. In Washington State, this window can last a few months, depending on your loan and lender.
Are There Alternatives To Foreclosure In Washington State?Yes, and some of the most effective ones are right here in Snohomish County. Here's what we help clients in Lynnwood consider:
If you're in Lynnwood and facing foreclosure, let's sit down and talk through your options. We've helped people across North Lynnwood, Lake Stickney, and South Lynnwood find practical, legal solutions to stay in their homes or walk away with dignity. Give us a call. We're ready when you are.
Answers To Your Foreclosure FAQsA: It depends on the type of foreclosure. In a non-judicial foreclosure, which is the most common in Washington State, your lender cannot come after you for any leftover balance. Washington State law bars deficiency judgments after non-judicial sales (see RCW 61.24.100). However, if the lender files a judicial foreclosure, they can ask the court for a deficiency judgment, which means you might still owe the difference between what you owed and what the home sold for. If you're worried about this, we'll help you determine your risk and the best way to protect yourself, including looking at bankruptcy as a shield.
A: If you apply for a loan modification, the courts pause the foreclosure process, but it depends on where you are in the timeline. Under both federal rules and Washington State law, your lender can't move forward with a foreclosure sale while your complete application is under review. This is called dual tracking protection (see 12 C.F.R. § 1024.41). However, if you apply too close to the sale date or submit an incomplete package, the lender might still proceed. That's why it's important to apply early and correctly. We can help make sure your application is strong and submitted in time to protect your home.
A: If you have a VA or FHA loan, you have extra protections. For FHA loans, your lender must follow HUD servicing guidelines, which include working with you on loss mitigation options like loan modifications or repayment plans before foreclosure starts. If you have a VA-backed loan, the lender has to offer VA loss mitigation programs, and in many cases, the VA can step in to help you avoid foreclosure. Also, you may be eligible for Washington's Foreclosure Fairness Program, which gives you the right to mediation before your home goes to auction.
You've got more options than you think when you face foreclosure, and our Lynnwood attorneys can help you use every one of them to fight for your home. Contact us now to get started with your free consultation.