How can I find out if my lender is legally obligated to help me avoid foreclosure?

If you are facing foreclosure in Washington, it is important to know whether or not your lender is legally obligated to help you avoid it. The best way to do this is to consult a lawyer who specializes in foreclosure defense law. A lawyer can assess your situation and help you determine if your lender is legally obligated to help you. If you do not have access to a lawyer, you can also look into the Foreclosure Fairness Act in Washington. This act requires certain lenders to provide foreclosure avoidance options to homeowners who are in foreclosure. If your lender falls into this category, then they are legally obligated to provide you with options to avoid foreclosure. In addition, if your lender is a financial institution such as a bank, there may be a local housing counseling organization that can provide you with free assistance. These organizations are funded by the US Department of Housing and Urban Development and their services can help you explore foreclosure avoidance options. Finally, you can contact your lender directly to ask if they are willing to work with you on avoiding foreclosure. Depending on the lender’s policies, they may be willing to negotiate with you on a loan modification or forbearance. By consulting a lawyer, researching the Foreclosure Fairness Act, contacting a local housing counseling organization, and speaking with your lender directly, you can determine whether or not your lender is legally obligated to help you avoid foreclosure.

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How can I find out if my lender is legally obligated to help me avoid foreclosure?

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