District of Columbia Foreclosure Laws
Attorney General's Office
Carvel State office building
820 N. French St.
Wilmington, DE 19801
Ph: (302) 577-3047
Fax:(302) 577-3090
Foreclosure Laws in District of Columbia
Judicial Foreclosure: No
Non-Judicial Foreclosure: Yes
Security Instruments: Trust Deed
Right of Redemption: No
Deficiency Judgments: Yes
Time Frame: 60 Days
Public Notice: Notice of Default
Non-judicial foreclosure: In the District of Columbia requires
that a power of sale clause authorizing the lender, in the event of default, to
sell the property to recover the loan balance.
If the power of sale clause specifies the time, place, and terms of sale, then that
procedure must be followed. If not, then the lender must obtain a court order outlining
the terms of sale.
The lender must send a written notice of sale to the borrower via certified mail,
and also send a copy to the Mayor's office. The sale may take place 30 days after
receipt of the notice of sale by the Mayor's office.
The lender may sue for a deficiency judgment against the borrower. The borrower
has no rights of redemption following the sale.
Laws:
