OLYMPIA – Members of the media are invited to attend a brief media availability fifteen minutes before the start of the LEGISLATIVE SUMMIT ON FORECLOSURE SOLUTIONS this Thursday to hear about the foreclosure mediation bills introduced this session by Rep. Tina Orwall and Sen. Adam Kline.
The summit, organized by the Washington law Income Housing Alliance and the Statewide Poverty Action Network, will cover the foreclosure process in Washington state, foreclosure trends, and emerging strategies from around the country to prevent foreclosure.
WHAT: LEGISLATIVE SUMMIT ON FORECLOSURE SOLUTIONS
WHEN: Thursday, Jan 13, 2011
Media availability: 11:45 am – noon
Summit: 12:00 – 1:30 pm
WHERE: John A. Cherberg Building, Room ABC, Capitol Campus, Olympia
WHO:
- State Representative Tina Orwall, Foreclosure mediation bill sponsor
- State Senator Adam Kline, Foreclosure mediation bill sponsor
- Speaker Barbara Buckley, Nevada Assembly
- Geoffry Walsh, National Consumer Law Center
Scheduled to attend:
- State Representative David Frockt
- State Representative Mike Hope
- State Senator Jeannie Kohl-Welles
- Michele Thomas, Washington Low Income Housing Alliance Director of Policy and Advocacy
- Danielle Friedman, Statewide Poverty Action network Public Policy Coordinator
- Other Washington state legislators will also attend
Some Washington state foreclosure facts
- Over 132,000 mortgages will be foreclosed between 2009 and 2012.
- In 2009 alone, more than 30,000 families lost their homes to foreclosure.
- By the end of 2010 about 77,000 families had lost their homes.
- More than 115,000 families are past due on their mortgages.
- Between 2009 and 2012, 2,104,655 homes will experience a foreclosure-related decline in value totaling $19.5 billion in lost home equity—that’s $9,259 per home in the state.
###
For more information on the media availability please contact:
Lilia P. Nieto at 360-786-7375, lilia.nieto@leg.wa.gov
For more information on the summit please go to:
wliha.org/foreclosure_2011.html
Or contact:
Michele Thomas, Director of Policy and Advocacy
Washington Low Income Housing Alliance
206.442.9455 x205, michele@wliha.org
Danielle Friedman, Public Policy Coordinator
Statewide Poverty Action Network
206.694.6794, Danielle@povertyaction.org