§20.1 - Introduction

• Jurisdiction: Washington

§20.1 INTRODUCTION

This chapter provides a summary of mortgage practice in Washington. The chapter begins with a brief history of the development of mortgages as a financing mechanism, and then discusses the requirements for the creation of a mortgage and the interpretation of mortgages. The chapter ends with a discussion of the enforcement of mortgages following a default by the borrower, including foreclosure, sale, and redemption. The discussion of mortgage law in this chapter is generally...