According to the Seattle Times, the Washington state legislature just did something that seems pretty smart to us.  They’re creating and funding a network of professionals willing to volunteer to help people in foreclosure deal with the situation.  The network will include mortgage brokers, real estate professionals and lawyers and will seek to provide counseling and advice so that people can make smarter decisions.

One of the real benefits of this type of state sponsored effort, should be to curb what seems like the lowest of the low of cons – scamming people in this tough situation into paying fees for help that never materializes.  Talk about preying on the weak.

We’ll be watching this to see how it does.  Perhaps other states will follow suit.

Click Washington Foreclosures, Default, Auction, and Bank Owned Properties for more information.