facebook-squarelinkedin-squaremenumobiletwitter-squareyoutube-square

Who Says Life’s Not Fair? Two Things to Know About the Fairness Act

Who Says Life’s Not Fair? Two Things to Know About the Fairness Act

Who Says Life's Not Fair? Two Things to Know About the Fairness Act

Who Says Life’s Not Fair? Two Things to Know About the Fairness Act

Okay. Okay. So, life’s not fair. It’s true. However, when things come around like the Washington Foreclosure Fairness Act, life seems to seem a little fairer, a little brighter. This act or law helps bring homeowners back from the brink of foreclosure by forcing lenders to enter into face to face negotiations. There are two things to remember about the Washington Foreclosure Fairness Act:

1) You MUST have representation to advocate for you. You cannot make use of the Washington Foreclosure Fairness Act without good representation. Why? Because you must have someone ( your attorney/representation) make a referral on your behalf so that Washington State commerce stops the foreclosure long enough for you to enter into negotiations with the bank’s lawyers. The reason you can’t do it yourself without an attorney is because they want you to be prepared. This is an adversarial process. The attorneys on the other side are not there to help you, therefore it’s imperative to have someone there who is.

2) It often takes more than just one meeting. The Washington Foreclosure Fairness Act actually only provides for one three hour mediation session, but it usually takes two or three of these sessions. In these sessions your attorney presents a package to your bank’s lawyers and lets them know how much you make for a living and what you can afford. They then negotiate back and forth until an agreement is made.

Get help. Get current. Get a better interest rate. Get a secure future with Advantage Legal Group and the Washington Foreclosure Fairness Act.

SEE ALSO:

Washington Fairness Foreclosure Act

Bankruptcy Myths

Should I File Bankruptcy?

Why Should I Use a Bankruptcy Lawyer?

Bankruptcy and Divorce

 

Ready to schedule a consultation?  425-452-9797 Or Contact Us Here

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Taxes and Student Loans in Bankruptcy

    Taxes and Student Loans in Bankruptcy

    Taxes and Student Loans in Bankruptcy There are certain kinds of debt that can be discharged in bankruptcy. A Chapter 7 bankruptcy is a great way to reduce or eliminate many debts.  A Chapter 7 bankruptcy can help discharge credit card debts, medical debts and many other types of unsecured debt.  A Chapter 7 bankruptcy […]Read More »
  • What Do You Lose If You Declare Bankruptcy?

    What Do You Lose If You Declare Bankruptcy?

    If you are reading this, you probably know what it means to claim bankruptcy and is looking to find consequences. On the flip side, there is you who sauntered onto this article unbeknownst of what ‘bankruptcy’ means. I will keep you both in mind through this. Shall we? Bankruptcy is the legal process that involves […]Read More »
  • How Much Do You Have to Be in Debt to File Chapter 7 Bankruptcy?

    How Much Do You Have to Be in Debt to File Chapter 7 Bankruptcy?

    How much do you have to be in debt to file Chapter 7 Bankruptcy? Are you neck-deep in debt? Are you considering filing up for bankruptcy? When you think of filing up for bankruptcy, do selling off your assets come to mind? If your answer to these questions is a yes, then you need to […]Read More »
  • Can Mortgage Forbearance Hurt Your Credit?

    Can Mortgage Forbearance Hurt Your Credit?

    Can Mortgage Forbearance Hurt Your Credit? and why As we all know, the world is currently experiencing a financial downturn due to the ongoing pandemic, which has directly affected millions of jobs. As such, a lot of homeowners are bothered concerning their mortgage payments. There have been some incentives by mortgage providers to soften the […]Read More »