Expands and funds the foreclosure mediation program in Washington.
The bill expands and funds the foreclosure mediation program in Washington. It mandates housing counselors to assist borrowers and unit owners by preparing them for meetings, advising them on necessary documents, informing them of alternatives to foreclosure, and providing other guidance. The bill also allows for mediation referrals by housing counselors or attorneys if deemed appropriate. It outlines the duties of the mediator, including convening a mediation session, requiring the submission of specific documents, and issuing a certification.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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