Over at the Neighborly News Blog, there is a guest post written by Leanne Finlay regarding the new Washington State Foreclosure Fairness Act Mediation Program. This legislation went into effect July 22, 2011; it sets forth that lenders must come to the table with homeowners, face to face, to try to work out a mutually acceptable resolution before moving forward with foreclosure proceedings.
Finlay also shares several important links within the blog posts, ranging from information on foreclosure “rescue” scams to informational youtube videos to mortgage modification help resources. If you have any questions about this new Washington State legislation, or what help is potentially available to homeowners in financial distress, I encourage you to read her post in its entirety and check out all the links she includes. As it is noted at the top of her blog post, the information contained within the post pertains to Washington State residents: As a homeowner it is important to know your rights. This article is specific to Washington State; please be aware of the foreclosure laws in your area.