Foreclosure Mediation Discussion Group

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Information and discussion on foreclosure mediation under Washington's Foreclosure Fairness Act. An open public forum on best practices, current trends, new information.

Open to any registered member of the wsba-adr.org network.

Members: 74
Latest Activity: May 3

See the Resources & Links page to see links to useful resources about foreclosure mediation in Washington.

Using This Discussion Group

This is an open public forum hosted by the WSBA ADR Section for discussion of matters regarding foreclosure mediation. All opinions and comments expressed in this group represent the views of the individual contributors and do not necessarily have the endorsement of the WSBA, the Alternative Dispute Resolution Section, or the officers or other members of either organization. It is moderated according to WSBA Social Media Guidelines and our Network Rules. Please read Using the Network.

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Discussion Forum

NPV Error Number 75

I have a mediation this weekAttempted to run an NPV & got an Error Code 75What does that mean?How do I fix it?Continue

Started by Steve Olsen Apr 9.

RESENT: QUESTION FOR MY FELLOW BORROWERS' COUNSEL

I am in a situation with a pending mediation where the lender has requested certain documents to be produced by the borrower which are not a mandatory requirement under the statute. I in turn requested that the lender provide us with certain…Continue

Started by Shaun Watchie Perry Feb 22.

Does disputing inputs in a permanent mod constitute refusing the mod? 2 Replies

I am working on a foreclosure mediation in which the bank offered the borrower a permanent HAMP loan modification for a Freddie Mac loan. The borrower neither explicitly accepted nor declined it, but told the bank that several of its inputs…Continue

Started by Alison Moss. Last reply by Rachel Rensvold Feb 5.

Amendment to FFA Providing Immunity/Removing Waiver Form 10 Replies

Those of you following this discussion group may have been aware that a huge issue for the mediation community is to provide immunity from civil liability for foreclosure mediators. The obligation the FFA places on mediators to certify whether the…Continue

Tags: Immunity, Legislature, FFA

Started by Jeff Bean. Last reply by Roger Kluck Dec 30, 2011.

IS MERS Illegal?

http://www.ritholtz.com/blog/2011/12/clouded-title-the-gross-illegality-of-mers/At the heart of the clouded-title problem is a Virginia-based company,…Continue

Started by Roger Kluck Dec 29, 2011.

Thoughts and considerations from a mediation 6 Replies

I had my first mediation earlier this month and had several thoughts come out of it worth sharing (one assumes anyway).The King County DRC had the HAMP Net Present Value Excel spreadsheet available on computer in the mediation room. Those mediating…Continue

Started by Roger Kluck. Last reply by Roger Kluck Dec 26, 2011.

Mass. AG sues five banks over foreclosures 1 Reply

Massachusetts Attorney General Martha Coakley today sued five major US banks for allegedly illegally seizing properties, filing fraudulent foreclosure documents and failing to help struggling borrowers who…Continue

Started by Roger Kluck. Last reply by Roger Kluck Dec 1, 2011.

Q's re: no statutory protection for mediators 15 Replies

Per Jeff's suggestion, I am re-sending my email as a "discussion" item so we can engage in a group e-conversation. I am interested in hearing what others think about a few issues I've been pondering.... Sec. 6(5) of the FFA provides that housing…Continue

Started by Marilyn J. Endriss. Last reply by Laura Eidal Nov 10, 2011.

NYT on Principal Reduction and the data

http://www.nytimes.com/2011/11/05/opinion/to-fix-the-housing-crisis-read-the-data.htmlNovember 4, 2011To Fix Housing, See the DataBy…Continue

Started by Roger Kluck Nov 10, 2011.

BOA/Recontrust Cases 7 Replies

You may have heard that Recontrust was planning on ceasing operations in Washington as of last Friday.If you have cases involving Bank of America as beneficiary, in one of its various forms, with Recontrust as Trustee, you may hear that they intend…Continue

Tags: Discontinuance, Extension, Recontrust, America, Bank

Started by Jeff Bean. Last reply by Jeff Bean Nov 2, 2011.

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Comment Wall

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Comment by Jeff Bean on May 3, 2012 at 4:57pm: Here's a summary of the legislative activity on the FFA, from the WSBA ADR Section perspective. We'll be discussing this in a panel at the section'sAnnual Meeting 10:30 tomorrow, Friday May 4, preceeding the Northwest Dispute Resolution Conference. Y'all are coming to the conference, right?

Comment by Jeff Bean on April 10, 2012 at 6:57pm: Updated link to FFA amendments here. Update on effective date: June 7, 2012.

Comment by Jeff Bean on March 31, 2012 at 10:01am: Gov. Gregoire signs ESHB 2614 on March 29. There's no emergency clause for the portions amending the FFA. So 90 days would be June 27. Here's the bill as-passed.

Comment by Jeff Bean on March 8, 2012 at 9:59am: Yes, I don't recall and don't see an emergency clause for the FFA portions of the bill. So it's my understanding it's on the normal timeline for becoming effective. Someone confirm my recollection that it's 90 days after Governor's signature?

Comment by Douglas Brown on March 8, 2012 at 9:24am: Except for Section 12, I don't see any language which would get the majority of these changes to take effect sooner than this summer. Am I correct on that?

Comment by Jeff Bean on March 7, 2012 at 10:12am: Here's a link to the bill as passed.

Comment by Jeff Bean on March 6, 2012 at 5:26pm: Rep. Orwall just informs that the FFA amendments, amended onto HB 2614, just passed the house.

Comment by Jeff Bean on March 6, 2012 at 10:13am: The FFA technical fix amendment bill looked like it was a casualty of last Friday's parliamentary maneuvers. It has since been amended to another bill that's still in play. Click here to track the old FFA amendment bill; it's been amended to HB 2614 which you can track here.

Comment by Jeff Bean on January 30, 2012 at 6:08pm: The bill coming out of the all-stakeholder group that met over the holidays is making its way through the House. It includes establishing immunity for all mediators and makes some significant improvements to the mediation process and NPV calculations. See the bill tracker here.

Comment by Jeff Bean on November 30, 2011 at 7:13pm: The URL for the FDIC Loan Modification Program Guide ("Mod in a Box") is now returning a 404 File Not Found. Searching FDIC's site still shows it as the correct URL. Can anyone advise where FDIC put it?

Here's the address that 404s now:

http://www.fdic.gov/consumers/loans/loanmod/loanmodguide.html

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