Homeowners and Renters Get More Time Before Foreclosure
Thanks to a bill signed into law today by Gov. Chris Gregoire, homeowners and renters will have a bit more time to before the bank foreclosures on their home. The new law requires that banks give owners 30 days notice before foreclosing. If there are renters in the building, the new owners must give tenants a written notice and 60 days to move out.
The new rules apply to homes purchased between 2003 and 2007.
Senate Bill 5810
Senate Bill 5810 Report
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Chris Gregoire
Olympia
Recession
Senate Bill 5810
Senate Bill 5810 Report


