While the story of rising foreclosures is not new, the growing number of homeowners falling behind in their payments is not going away. As we here in the northwest seem to trend 12-18 months behind the rest of the country in most everything, the increasing foreclosure rate in Washington is becoming more prevalent by the month. In fact state legislature has approved new laws to protect "Distressed Homeowners" that are to go into effect June 12th. I will blog more on this and it's impact on the real estate market soon.
Read the full article here.
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