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SOURCE: Seattle Short Sales, Inc.
The Washington State Department of Financial Institutions (DFI) Acknowledge That Seattle Short Sales, Inc. Falls Under the Attorney Exemption And Is Exempt From DFI Regulation.
Bellevue, WA (PRWEB) March 09, 2013
Seattle Short Sales, Inc. a leading provider of loss mitigation services for Washington State homeowners, today announced that it has entered into a settlement agreement with the State of Washington Department of Financial Institutions (DFI) in Case Number C-11-0642.
The settlement successfully resolves the charges of licensing errors with an agreement that the Respondents, Kilburn Group, Inc., Ross Kilburn, and Seattle Short Sales, Inc. are in full compliance with current licensing regulations and do not admit to any liability or wrongdoing.
Seattle Short Sales is now a subsidiary of the Politis Law Group, PLLC, a consumer debt advocacy law firm, providing a broad array of legal services to consumers, including debt settlement, loan modifications, bankruptcy, and short sales.
The Attorney General's Office issued a letter stating that the DFI is satisfied that, in honoring the terms of the agreement, Politis and Kilburn are in full compliance under the attorney exemption rules and are not subject to regulation by the DFI. Assistant Attorney General Susan Jensen wrote, in pertinent part, that "...[t]he Department is satisfied that the functions each are performing fall under the attorney exemption, as currently enacted."
"Today's settlement is great news for home sellers in Washington State, as they will continue to get free short sale representation from the top short sale attorneys who have discounted over $100 million in mortgage debt,” said Seattle Short Sales General Manager, Ross Kilburn. "In January of 2013, we hit a number of exciting milestones. We've now settled over $100 million in mortgage debt, received over 1,000 short sale approvals, and received over 100 testimonial letters from thankful clients."
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