[WSBARP] Foreclosure Loan Mod Question

[Jay Goldstein]

Our attorney Teena Williams is very experienced with these issues .

Teena at jaglaw.net<mailto:Teena at jaglaw.net>

J

Jay A. Goldstein
Of Counsel
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1800 Cooper Point RD SW NO. 8  |  Olympia, WA 98502
Telephone 360.352.1970  |  Fax 360.357.0844 |  www.jaglaw.net<http://www.jaglaw.net/>
jay at jaglaw.net<mailto:jay at jaglaw.net>

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From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Kim Sandher
Sent: Friday, December 15, 2017 11:30 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Cc: creditor-debtor-section at list.wsba.org
Subject: [WSBARP] Foreclosure Loan Mod Question

Good morning All,

I have a foreclosure related question:

Lender issued Notice of Default Dec 20, 2016. Borrower requested mediation. Lender and borrower came to a forbearance agreement in lieu of mediation. Borrower failed to honor the forbearance agreement terms, so the mediator issued a Certification in September 2017 with "Borrower Not In Good Faith (RCW 61.24.163(15))" checked with the explanation "Borrower has failed to honor the forbearance agreement."

Lender is now moving forward with foreclosure. Foreclosure is set for February 2018, but Borrower has hired a CA law firm to possibly apply for another loan modification.

Is there any state or federal law that says lender is obligated to review a loan modification at this stage?

Thank you in advance for your help.
Kim






Kim Sandher
Attorney at Law
[cid:image001.jpg at 01D33B6F.7E8D8990]

IBM Building
1200 5th Avenue, Suite 1217
Seattle, Washington 98101
Telephone 206.340.2008
Direct 206.805.1490
Facsimile 206.340.1962
www.PivotalLawGroup.com<http://www.pivotallawgroup.com/>



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