AGO News Releases With Topic: Mortgage

As part of the ongoing effort to address the national foreclosure crisis, Attorney General Bob Ferguson today announced his office, 44 other Attorneys General and the District of Columbia have reached a $120 million multi-state settlement with Lender Processing Services, Inc. (LPS) and its subsidiaries, LPS Default Solutions and DocX.  The office also settled with LPS-subsidiary, LSI Title, for activities as a foreclosure trustee in Washington.

National report shows Washingtonians have received $521 million in benefits, with more to come SEATTLE – An independent report released today shows that more than 7,000 Washington state residents have received new loan terms because of last March’s national mortgage settlement.

SEATTLE – Thirteen Washington non-profit organizations will split the $43.8 million the state received to fund foreclosure relief as part of the landmark $25 billion national settlement with the country’s five largest mortgage servicers announced in February.

The Washington State Attorney General's Office has settled a case with a trustee company formerly doing business in Washington for failing to comply with the state's laws.

SEATTLE – Pam Bailey is one of millions of Americans laid off during the Great Recession. The single mom found herself out of a job in 2007 when the bank she worked for merged with another. Her job search was severely complicated by the crumbling economy and bills started to pile up. Bailey missed two mortgage payments on her Kent home.

McKenna was in town promoting the Washington Homeownership Information Hotline, which connects struggling borrowers with counselors such as those at Apprisen. Today he repeated his warning that borrowers should stay away from those who offer potential loan modifications for an upfront fee, adding that such pitches come in email, phone calls and letters.

SEATTLE – Vianna Engel was determined to hold on to her home. “If I lose my property, my elderly mother loses her home, too,” Engel this week explained to a staff member at the Attorney General’s Office. Her mom’s single-wide mobile home sits on Engel’s property in Rochester. “She took care of me and I’m not going to let this happen to her.”  

 State Attorney General warns borrowers to avoid mortgage-related scams BREMERTON –  Al Davis has never piled up credit card bills, avoids lines of credit  or even car loans. “I’ve always liked to save for what I want,” Davis this week told a staff member at the Attorney General’s Office.

 State Attorney General warns borrowers to avoid mortgage-related scams SPOKANE –  Alexa Young always made her mortgage payments “on time, every time.” Yet, like millions of Americans, recent events conspired to put pressure on the Spokane single mom’s budget, making her monthly mortgage payment harder to meet. After two expensive surgeries and a reduction in the amount of incoming child support, Young found herself at the breaking point. Her mortgage payment was nearly half of her monthly income, leaving barely enough for necessities. She contacted her lender in an attempt to work out new loan terms.

State Attorney General warns borrowers to avoid mortgage-related scams UNIVERSITY PLACE –  About a year ago, Irene Failor was on a ladder repairing her roof. Looking down, she watched a man walk up and nail a foreclosure notice to her house.