House Bill 2791
A law change in the state of Washington is stirring concerns among real estate agents and investors because it requires additional responsibilities especially to people dealing with distraught property sales. The said law which is House Bill 2791, will provide protection to consumers from being victims of foreclosure rescue scam. In a foreclosure rescue, the sellers are misled to transfer property ownership to those who supposedly will save the property from possible foreclosure. The new legislation will take effect on June 12. Investors who will be caught working in purchasing pre-foreclosure properties from homeowners will be required to face another fiduciary responsibility to sellers.