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District of columbia Foreclosure Laws

Summary:

Judicial Foreclosure	No
Non-Judicial Foreclosure	Yes
Security Instruments	Deed of trust
Right of Redemption	No
Deficiency Judgments	Yes
Time Frame	Usually 60 days

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.

Attorney General's Office
Carvel State office building
820 N. French St.
Wilmington, DE 19801
Ph: (302) 577-3047
Fax:(302) 577-3090

This information is to give a general idea of the foreclosure laws in each state. The information is not guaranteed to be correct. State laws can change or some errors may have been made. Please use this only as a guide.