Loan Modifications and Washington's Foreclosure Fairness Act

With the passing of Washington's new Foreclosure Fairness Act, loan modifications got a whole lot easier.  If you have been denied a loan modification or in the process of getting a loan modification, contact your local HUD counselor or foreclosure attorney to find out how you can benefit from this new Act. You lose the right to take advantage of the mediation process under the Act if you do not get referred into the program within 20 days after receiving a Notice of Trustee Sale.  Only a certified HUD counselor or attorney licensed in Washington can make this referral for you so do not delay in making an appointment if you are served with either a Notice of Default or Notice of Trustee's Sale. 


To compare the different loan modification options available, check out the Archives on my home page on this blog. I update each program as changes are made, so be sure to check back periodically.

Michele  McNeill is a top rated real estate lawyer in Washington State. She has focused her practice on foreclosure defense issues for over ten years and is very passionate about helping homeowners keep their homes.  She can also assist homeowners and real estate agents with short sale negotiations if keeping the home is not possible or not the ultimate goal for the homeowner.  This blog is intended to cover general topics for informational purposes only and is not intended to be taken as legal advice or to create an attorney-client relationship.  For more information about  your legal rights and options, please call (425) 455-4307.