State Homeowners Gain New Rights When Facing Foreclosure
Starting tomorrow, struggling homeowners in Washington have new rights. The Foreclosure Fairness Act signed into law in April is designed to prevent unnecessary foreclosures primarily by requiring banks to take part in mediation if borrowers ask for it and doubling the number of housing counselors.
One homeowner who helped force the foreclosure issue into the spotlight is Seattle resident Marilyn Takemaru.
Similar Posts:
- After Ruling Halted N.J. Foreclosures, Experts Fear Deluge of Filings
- Homeowners Squeezed by Housing Costs, Report Says
- Surprise! Banks help more homeowners than Obama
- Home Loan Modification Hard to get, Report Says
- Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof?
Tags: New Rights, Rights