Foreclosure Frauds and Scams
Laws, Codes and Articles
for Washington
- Washington Foreclosure Laws
Washington Foreclosure Frauds and Scams Laws
- Washington Foreclosure News
Washington Residents warned of foreclosure scam
- Guard against Predatory Lenders in Washington
After reviewing lending practices that have led to foreclosures, a Washington state task force, considering potential changes in regulations for the mortgage industry, is expected to release its recommendations by the end of 2007.
- Foreclosure Lease Back Law Proposed
Many companies stopped doing lease backs, not because it was wrong for the homeowner, but because predatory attorneys prey on honest investors by coaching the foreclosed homeowner to lie about what they thought they were doing. So even though we are doing it right, some predatory attorneys are still suing because most investors will settle to avoid the stress.
- Bellevue Homeowner Victim of Lease Back Scam
Kurt Hilderbrand worked hard for a decade to make his monthly mortgage payments, but a recent failed business dealt him the final blow: He was six months behind on payments and weeks away from losing his three-bedroom house.
That's when the "foreclosure rescue specialists" began circling. They hounded him by phone. One even rapped at his front door, offering to bail him out.
- Washington Votes to Increase Foreclosures.
Washington state reps pass law to increase foreclosures at the expense of distressed homeowners.
- Distressed Seller Bill Takes Effect
There a new Washington state law going into effect soon that will cause big changes in our industry and will result in more foreclosures.
- The Legislative Labyrinth of HB 2791 - WA New Law
When House Bill 2791 went into effect June 12, many members of Washington state’s real estate community launched into a furor. Though the Bill’s intentions were to protect struggling homeowners from foreclosure rescue scams, many say its rush through the legislative process left it filled with holes and vague definitions that are more likely to hurt the real estate market than help it.
Attention: State laws can change
frequently. Make sure you check for updates with your
state or professional legal counsel.
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