Friday, July 22, 2011

Washington State Foreclosure Fairness Act Takes Effect

Washington homeowners who are in the process of foreclosure may now qualify for help under a new state law.

The Foreclosure Fairness Act takes effect July 22, allowing distressed homeowners to request a mediator to come to a resolution with the lender.

Rick Torrance with the state Department of Commerce says the law requires lenders to send a letter to homeowners about what their options are.

Read the rest of the article at KGMI

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