Foreclosures
Florida company accused of charging homeowners for empty promises
October 16, 2008 Posted by Washington RealEstateRama
SPOKANE, WA - October 16, 2008 - (RealEstateRama) — They call themselves “United Home Savers” and pledge to help homeowners facing foreclosure. But the Attorney General’s Office says a Florida-based business and its owners actually preyed on Washington residents.“United Home Savers is a misnomer,” Attorney General Rob McKenna said. “The company promised to rescue homeowners […]
Dirty deeds: Attorney General’s Office raises the red flag on foreclosure fraud
September 5, 2008 Posted by Washington RealEstateRama
OLYMPIA, WA - September 05, 2008 - (RealEstateRama) — Rising mortgage payments have paved the way for scammers who peruse foreclosure listings. Grasping at any offer for help, their victims have paid for false promises, been cheated out of equity and, in severe cases, were tricked into transferring ownership of their homes.
New law helps protect distressed homeowners
June 9, 2008 Posted by Washington RealEstateRama
SEATTLE - A new state law to help protect financially strapped homeowners from equity skimming and foreclosure rescue scams becomes effective in Washington on June 12. The new law provides safeguards for people trying to stop the loss of their home and requires new disclosures and responsibilities for individuals claiming to help homeowners avoid foreclosure.
City partners with two nonprofits to help struggling families facing foreclosure
January 30, 2008 Posted by Washington RealEstateRama
SEATTLE - January 29, 2008 - Mayor Greg Nickels today announced a new pilot program aimed at helping Seattle families facing foreclosure keep their homes and get back on their feet.
Attorney General’s foreclosure rescue fraud and identity theft bills scheduled for public hearings tomorrow
January 25, 2008 Posted by Washington RealEstateRama
OLYMPIA – Two bills requested by Attorney General Rob McKenna that would protect Washington residents from mortgage foreclosure scams and make it easier to prosecute identity theft cases are scheduled for public hearings on Friday, Jan. 25.
Property Tax Foreclosure Auction - February 1, 2008
January 25, 2008 Posted by Washington RealEstateRama
Doug Lasher, Clark County Treasurer, announced that a Property Tax Foreclosure Auction will be conducted on Friday, February 1, 2008, at 9 a.m. in the 6th Floor Hearing Room, Clark County Public Service Center Building, 1300 Franklin Street, Vancouver, Washington. Lasher stated, “It is anticipated that there will be two parcels subject to sale this […]
Washington Realtors praise Congressional action to expand access to home loans
December 14, 2007 Posted by Washington RealEstateRama
OLYMPIA, Wash. - Dec. 14, 2007 - More low-income families will be able to buy homes under new legislation approved by the U.S. Senate today. The bill lowers the down-payment requirement for a Federal Housing Administration mortgage from 3 to 1.5 percent, and increases the mortgage limit from $362,000 to $417,000. The bill now moves […]
HUD Secretary announces disaster assistance for Washington State flood victims
December 10, 2007 Posted by Washington RealEstateRama
Foreclosure protection offered to displaced families in Evergreen State
WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced HUD will speed federal disaster assistance to certain flood-ravaged counties in Washington State and provide support to homeowners and low-income renters forced from their homes following severe storms, landslides, and mudslides.
ARM Interest Resets Aren’t The End Of The World, But To Unprepared Homeowners, It May Feel Like It
September 20, 2007 Posted by Washington RealEstateRama
When Adjustable Rate Mortgage (ARM) interest rates reset, many homeowners will see a marked hike in their monthly payment. Not all will be prepared to make the higher payments and many may face the loss of their homes in foreclosure. It’s a frightening trend that’s been on the upswing nationwide. While Washington has one of […]