Foreclosure Mediation Discussion Group

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Foreclosure Mediation Discussion Group

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: 82
Latest Activity: Feb 23

See the Resources & Links page to see links to useful resources about foreclosure mediation in Washington, including Commerce's new FFP Guidelines as of January 2015.

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

Unrepresented borrowers

Started by Lori Scott. Last reply by Sherman L. Knight Aug 25, 2015. 3 Replies

Hi to all - at the last telephone conference, I asked if any of you have issues with folks not being represented and being pressured by the attorney for beneficiary, to close out in bad faith because of the lack of representation. I was also…Continue

Bank won't sign DRC mediation agreement

Started by Steve Olsen. Last reply by David K. Hiscock Jun 30, 2015. 8 Replies

I volunteer with the kitsap DRC. I have my first referral from dept of Commerce. The Kitsap DRC was setting up the mediation for me. It's tentatively set for 10/18.However, the bank won't sign the DRC's mediation agreement. their attorney says the…Continue

NVP - Does anyone use it?

Started by Sherman L. Knight. Last reply by Jeff Bean Nov 24, 2014. 4 Replies

In the typical case I have, the beneficiary provides an NPV analysis as part of its analysis when there has been a denial of a modification.  In only one of my cases has anyone contested the NPV analysis.   In that case, the borrower represented…Continue

Thoughts on King 5 Report on "Bad Faith" Banks

Started by Jeff Bean. Last reply by Jeff Bean Nov 20, 2014. 7 Replies

(Updated to correct expired link to the article below.)King 5 investigations learns there have been a number of lack of good faith certifications. …Continue

Washington Supreme Court's Roadmap for Filing Pre-Sale CPA Lawsuit

Started by Jeff Bean Sep 19, 2014. 0 Replies

Yesterday the Washington State Supreme Court published it's opinion in …Continue

VA Loan Modification Issues

Started by Francois Fischer Aug 22, 2014. 0 Replies

Has anyone dealt with the VA preventing a loan modification for a vet by fouling up the vet's benefits?  I have a case in which a disabled vet is trying to prevent foreclosure of his house, but can't get the servicer to approve a loan modification…Continue

Comment Wall

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Comment by Roger Kluck on February 3, 2017 at 4:06pm
Comment by Terrence Connor on February 2, 2017 at 1:39pm

Interesting article in the Gray Lady on HAMP:

http://nyti.ms/2kX3ypM 

Comment by Terrence Connor on October 22, 2016 at 9:44am

FYI, I had an email exchange with COM's Brigid H. after her message yesterday about fee disclosure. I asked her if there were some specific, actionable complaints. She said no, there were some general comments from Parkview that some of their "housing counselors have been feeling like this information is not shared with borrowers in as timely and complete a manner as would benefit the parties, especially borrowers". I'm not sure what to do with this beyond the disclosure on page 2 of my notice and emails announcing new sessions. I do have a case at Parkview where the borrower objects to all fees, even if disclosed. 

Comment by Terrence Connor on October 22, 2016 at 9:38am

Heads up: If you have not already done business with Shapiro & Sutherland (LOGS,com) as the Be rep, they are located in Vancouver, WA with no local office/attorneys in the King, Snohomish, Pierce area. They are highly resistant (understandably) to making the 5-6 hour R/T drive for what could possibly turn out to be a 20-30 meeting. Be prepared for that possibility.

Comment by Roger Kluck on March 24, 2015 at 5:54pm

Query - I believe I heard that in one of the amendment rounds there was a provision that said once a loan was under the FFA, subsequent purchasers must participate and borrowers could not lose rigths by the sale of the note. So I have a case where borrower is delinquent on a HAMP mod, but his finances have now rebounded. The loan has recently been sold and investors say they do not participate in HAMP. Are they bound to or no?

Comment by Jeff Bean on January 23, 2015 at 5:02pm

Commerce revised their FFP Guidelines as of January 20, 2015. We'll keep our Resources & Links pages updated with these and other materials.

Comment by Jeff Bean on December 5, 2014 at 1:29pm

Seattle University's excellent vid on the foreclosure process.

Comment by Nancy J. Highness on August 27, 2014 at 11:47am

Found an interesting article on Foreclosures this am.  Here is the link, I hope it will take you to the article.

http://bit.ly/1t6qS1D

Comment by Jeff Bean on July 3, 2014 at 4:26pm

Lots of changes! The 2014 amendments are now codified in the RCWs. Commerce has revised their Guidelines and their Certification form. Check this group's Resources & Links page.

Comment by WSBA ADR on March 13, 2013 at 5:54pm

Catch this? There's a full Foreclosure Mediation Track at the Northwest Dispute Resolution Conference this year. 

 
 
 

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Welcome to our community of ADR professionals: mediators, arbitrators, and lawyers representing and advising clients.  We are active in the growth and development of ADR in Washington as well as the education of members of the bar and the public.

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