Washington Home Foreclosures, Initiative 1116 (2011)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
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.
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.