Washington Home Foreclosures, Initiative 1116 (2011)

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The Washington Home Foreclosures, Initiative 1116, did not appear on the November 2011 statewide ballot in Washington as an Initiative to the People.

The initiative would have added a statute relating to home foreclosures. More specifically, it would not allow for a financial institute to foreclose on any real properties in which the mortgage obligor would be able to make timely payments if the balance on the loan is held at market price or if the interest rate is reduced by two percent. Details can be read in the proposed text.[1]

Path to the ballot

See also: Washington signature requirements

In order to qualify for the ballot, supporters were required to submit a minimum of 241,153 valid signatures. As of July 8, 2011, petition deadline day, no signatures were filed.

See also

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References