skip to main content

Thursday, June 1, 2023

play newscast audioPlay

Alabamans urge a grocery tax reduction, a tape shows Trump knew about a classified document on Iran, Pennsylvania puts federal road funds to work and Minnesota's marijuana law will wipe away minor offenses.

play newscast audioPlay

Democrats say a wealth tax would help alleviate some national debt, lawmakers aim to continue pandemic-era funding for America's child care sector, and teachers say firearms at school will make students less safe.

play newscast audioPlay

Oregon may expand food stamp eligibility to some undocumented households, rural areas have a new method of accessing money for roads and bridges, and Tennessee's new online tool helps keep track of cemetery locations.

WA Foreclosure Fairness Act Takes Effect

play audio
Play

Monday, July 11, 2011   

TACOMA, Wash. - More time to decide how to handle a pending foreclosure, and a better opportunity to negotiate with lenders. Those are the advantages for troubled homeowners when Washington's new Foreclosure Fairness Act takes effect this month, on July 22. The state law will require that banks send a letter to people facing foreclosure, spelling out their options for mediation and counseling, and offering to schedule a meeting where the lender and debtor can discuss the situation face-to-face.

These types of recourse have always been available, says Jordan Foster, a consumer law attorney with the Tacoma firm Smith Alling – it's just that panicked homeowners often get the run-around from lenders and do not know how to proceed.

"A lot of people are so unfamiliar with the process that they don't realize there are a lot of options out there for them. A lot of people end up either just walking away or moving out, without even contacting the bank and seeing what options they might have."

Now, explains Foster, the options will be listed clearly in the initial letter - although time is still critical under the new law. The homeowner has 30 days after receiving the letter to request the meeting or their bank can proceed with foreclosure.

An attorney or a housing counselor can represent homeowners at the meeting or in mediation. The housing counselors must be approved by either HUD or the Washington Housing Finance Commission.

Foster thinks the new law will help more people avoid foreclosure. He says plenty need it.

"I haven't seen any slowdown. I still get probably at least one call a week from either a potential new client, a client referral or a friend referral - someone facing either potential foreclosure or their house is 'underwater' - and they want to know what their options are."

The Washington Department of Commerce offers information about the new law online at www.commerce.wa.gov.




get more stories like this via email

Human rights advocates point out in 2023, North Dakota adopted nearly a dozen laws targeting the LGBTQ+ community. (Adobe Stock)

Social Issues

play sound

Human rights voices are calling attention to new North Dakota laws deemed hostile toward LGBTQ+ individuals, saying it is part of a movement led by …


Social Issues

play sound

In eastern Kentucky, advocacy groups are expanding summer learning opportunities for families. Isolation and learning loss plague many rural …

Social Issues

play sound

Traditional business lending is tight these days following a series of recent bank collapses but one program is helping small businesses grow…


Environment

play sound

Nevadans will have the opportunity to learn more and weigh in on a proposed public lands rule that shifts the Bureau of Land Management's focus to pri…

A recent U.S. Census Bureau analysis found South American (46%) and Cuban (35.9%) groups had higher levels of bachelor's degree attainment than all other Hispanic-origin groups in 2021 and for the entire 16-year period.(AdobeStock)

Social Issues

play sound

In Tennessee and across the country, the rapidly growing Hispanic population made remarkable strides in college enrollment and educational attainment…

Social Issues

play sound

The moment Florida Governor Ron DeSantis signed a sweeping elections bill into law last week, several voter-advocacy groups filed lawsuits against it…

Health and Wellness

play sound

An Indiana licensing board has fined a local physician $3,000 and handed her a letter of reprimand after she went public about a 10-year-old Ohio pati…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021