Gov. Christine Gregoire will sign the Foreclosure Fairness Act of 2011 into law tomorrow, April 14, 2011 at 10 a.m.
77,000 families lost their homes to foreclosure over a period of two years. With 4,385 new foreclosures in February of 2011, Washington now holds the 11th highest foreclosure rate in the nation.
The law, sponsored by state Rep. Tina Orwall (D-Des Moines), will bring a new tool to the foreclosure process that will help thousands of Washington homeowners facing foreclosure.
“Approximately 45,000 families will receive notices of foreclosure this year, but we are providing new hope for many of them with a fair process and resources to help them explore every option available and keep their homes whenever possible,” Orwall said.
What: HB 1362, the Foreclosure Fairness Act of 2011, signed into law.
When: Thursday, April 14, 2011 at 10 a.m.
Where: Governor’s office.