Seriously, folks here in WA, this is BIG news that is positive for upside down homeowners doing short sales or who may be foreclosed on later this year. I know reading bills enacted into law is pretty dull, but the drop from 6 years to 3 years for a lender to come after a homeowner for wiped out debt is fantastic!
Here is the bill that covers the new change from a 6-year period reducing it down to 3-years plus other items that were in the same legislation.
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