If you’re behind on your mortgage payments but haven’t received a notice of foreclosure, you still have time. The Washington State Foreclosure Fairness Act of 2011 gives you the right to request mediation with your lender prior to a foreclosure. Mediation is an opportunity to sit down with your lender and discuss alternatives to foreclosure.
 

Your best opportunities for mediation come before you receive a Notice of Default. This usually happens when you are about three months behind on payments. However, we have seen clients who were behind in payments over a year before the lender issued a Notice of Default.
 

Once the Notice of Default is issued, however, the clock starts ticking. You can request mediation with the lender for a $200 fee until the Notice of Trustee’s Sale is issued. This usually happens about 30 days after the Notice of Default, so time is short.
 

We might also be able to negotiate a loan modification. Your lender may be particularly willing to modify your loan if they believe your only other option is to file bankruptcy. Our attorneys can help you navigate the mediation or negotiation process to achieve the best possible resolution.
 

Local Resources and Support for Foreclosure Defense in Seattl
 

Living in Seattle, you know the housing market can be competitive and challenging. If you’re facing foreclosure, you must understand you’re not alone. The City of Seattle and King County offer various resources to help distressed homeowners. For instance, the Seattle Office of Housing provides information and assistance for those at risk of losing their homes.
 

One of the common pain points for Seattle residents is the high cost of living, which can make it challenging to keep up with mortgage payments. Additionally, the fluctuating job market can add to financial instability. Our legal team understands these local challenges and is here to help you navigate them. We can assist you in exploring all available options, from loan modifications to mediation under the Washington State Foreclosure Fairness Act.
 

Another significant concern for Seattle homeowners is the prevalence of “foreclosure rescue” scams. These scams can be devastating, as they often target those already in a vulnerable financial position. Our attorneys are well-versed in identifying and avoiding these scams, ensuring you receive legitimate and practical assistance.
 

By leveraging local resources and our deep understanding of the Seattle housing market, we aim to provide you with the most comprehensive foreclosure defense possible. Whether you live in Ballard, Capitol Hill, or West Seattle, we are committed to helping you protect your home and financial future.