The Attorney General’s Office worked with a bipartisan coalition in 2008 to pass legislation to help protect financially strapped homeowners from equity skimming and foreclosure rescue scams. A bill passed by the Legislature today updates last year’s foreclosure rescue law to make sure that any homeowner who wants to sell their home rather than face foreclosure is able to find a real estate agent. SB 5221 is on its way to the governor for approval.
If you are facing foreclosure, be sure to first contact your lender. You should also meet with a HUD-approved credit counselor to discuss possible options. To receive free state-sponsored counseling, visit www.homeownership.wa.gov or call 1-877-894-HOME.