Sound Alliance News
Sound Alliance Foreclosure Prevention Assembly Celebrates Success, Demands Accountability from Bank of America
May 2011. -- The Sound Alliance Foreclosure Prevention Assembly brought together more than 150 leaders from member organizations, for an exciting time of celebration and accountability. Alliance members celebrated their victory in pushing to establish the first in-person customer assistance center in the state. Leaders also called on Bank of America executives, state legislators, and State Treasurer James McIntire to continue collaborating with the Sound Alliance to ensure accountability.
April 2011. -- On April 25, the Seattle City Council passed an ordinance that criminalizes wage theft. Wage theft refers to intentional shortchanging of employee wages or benefits by an employer.
April 2011. -- Washington homeowners experienced a significant victory with the passage of HB 1362, also known as the “Foreclosure Fairness Act.” The bill, which Gov. Chris Gregoire signed April 14th, offers free foreclosure counseling and makes it possible for homeowners to third-party mediation with lenders before facing foreclosure. It will go into effect in July.
Campaign Victory: Bank of America to Open First Assistance Center in Washington State for Distressed Homeowners
February 2011. -- Thanks to the hard work and persistence of a broad cross-section of Sound Alliance leaders, we have secured a major victory in our foreclosure intervention campaign: Bank of America in a Feb. 25 letter to Sound Alliance announced that it will open its first-ever permanently staffed customer assistance center in Washington state to assist financially distressed homeowners.
October 2010. -- Working with State Treasurer James McIntire, Sound Alliance leaders have helped to secure a commitment from Bank of America to create two homeownership service centers, the first of the kind in Washington state. The centers will bring two full-time loan servicing representatives to the state to meet face-to-face with Bank of America homeowners who are trying to save their homes.