Washington passed a bill amending the scope of the foreclosure mediation program, and the written and telephone contact requirement prior to filing a notice of default. Under the bill, the foreclosure mediation program and the contact requirement apply to all residential real property of up to 4 units. Previously, the foreclosure mediation program and the contact requirement applied only to owner-occupied residential real property (property occupied as the borrower’s principal residence). The bill also amended the exemptions for the foreclosure mediation program and the contact requirement. In addition, the bill repealed the quarterly Notice of Trustee’s Sale reporting and fee requirement, and enacted a new quarterly “notice of default” reporting and fee requirement. The new quarterly “notice of default” reporting and fee requirement becomes effective January 1, 2022. The existing quarterly Notice of Trustee’s Sale reporting and fee requirement is repealed effective June 30, 2023. All other changes are effective immediately.
See the Washington State Legislature website for the full text of the Statute: http://lawfilesext.leg.wa.gov/biennium/2021-22/Pdf/Bills/House%20Passed%20Legislature/1108-S.PL.pdf?q=20210506051318
