State offers help to struggling homeowners

July 24, 2012

By Staff

State Attorney General Rob McKenna announced efforts July 20 to connect King County homeowners facing foreclosure to mortgage resources.

In a stop at a Seattle nonprofit organization, McKenna touted the Washington Homeownership Information Hotline. The resource connects struggling borrowers to resources such as the backdrop for McKenna’s announcement, nonprofit organization Solid Ground. Call the hotline at 1-877-894-HOME toll free.

McKenna used funds from settlements with mortgage lenders — $600,000 from a settlement with Countrywide/Bank of America and $550,000 from the Wachovia Wells Fargo settlement — to help fund the hotline to connect borrowers to U.S. Department of Housing and Urban Development-approved nonprofit counselors.

Office of the Attorney General staffers also posted step-by-step instructions, including a how-to video, for borrowers facing potential foreclosure at www.atg.wa.gov/foreclosure.aspx.

“We want people to know that they don’t have to navigate a personal mortgage crisis all by themselves,” McKenna said in a statement. “The state’s homeownership hotline is staffed by experts who work directly with lenders — at no charge to borrowers — to resolve underwater mortgages.”

McKenna, a Republican and former King County Council member, is in a close race for governor against Democrat Jay Inslee, a former U.S. congressman.

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