HB 1092 - DIGEST

     Declares that the purposes of the act are to:  (1) Provide a uniform and consistent procedure for the judicial and nonjudicial foreclosure of all consensual security interests in real estate created by a security agreement;

     (2) make the law regarding deficiency judgments and redemption rights in judicial foreclosures of consensual real estate security interests consistent with those that apply to the nonjudicial foreclosure of such interests; and

     (3) provide a specific procedure applicable to the sale of real estate under a judgment and decree of foreclosure of a consensual security interest in the real estate.

     Repeals provisions of chapter 61.12, 61.24, and 61.30 RCW.