Escrow & Title
Under Washington's Deed of Trust Act, after a trustee's sale, the borrower's right of redemption is:
A12 months to redeem
B6 months to redeem
CNone — Washington has no post-sale redemption right for trustee's sales✓ Correct
D90 days to redeem
Explanation
Unlike judicial mortgage foreclosures in some states, Washington's non-judicial trustee's sale under the Deed of Trust Act provides no right of redemption after the sale. The borrower loses all rights when the trustee's deed is issued.
Related Washington Escrow & Title Questions
- In Washington, 'constructive fraud' in a real estate transaction differs from 'actual fraud' in that constructive fraud:
- In Washington, a deed of reconveyance is issued when:
- An owner's title insurance policy in Washington protects against which of the following defects?
- In Washington, the Real Estate Excise Tax Affidavit (REETA) must be submitted to the county treasurer:
- In Washington, a lender's 'closing protection letter' (CPL) is issued by a title insurance underwriter to:
- In Washington, the transfer of title occurs legally at the moment:
- In a Washington escrow closing, the escrow agent may NOT:
- Under Washington law, a 'satisfaction of judgment' removes a judgment lien from a property when:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →