Crosscut Now
May 25, 2021 - Help for renters and homeowners is on the way
5/25/2021 | 1m 15sVideo has Closed Captions
New laws aim to keep people from losing their homes in Washington.
Help for renters and homeowners is on the way as the state’s eviction moratorium is set to expire June 30.
Problems playing video? | Closed Captioning Feedback
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Crosscut Now is a local public television program presented by Cascade PBS
Crosscut Now
May 25, 2021 - Help for renters and homeowners is on the way
5/25/2021 | 1m 15sVideo has Closed Captions
Help for renters and homeowners is on the way as the state’s eviction moratorium is set to expire June 30.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorship(upbeat electronic music) - I'm Starla Sampaco in the Crosscut KCTS 9 newsroom.
(electronic music) When Carol Porter filed for bankruptcy in 2015, she didn't expect to lose her Issaquah home in the process.
That's because for more than a century, Washington law has included language to protect people's homes from being sold to pay off their debts.
But, the law hasn't kept up with rising home prices.
As a result, only $125,000 of Porter's home equity was off limits from her creditors, an amount far shy of what the property was worth.
A new law will protect a much larger amount, up to the county's median sale price, based on homes sold the previous year.
The median home price in King County at the end of 2020 was $747,000.
Statewide, it was more than $460,000.
"I'm glad it passed," says Porter.
"I'm sure lots of people have experienced the same thing."
I'm Starla Sampaco.
Find nonprofit Northwest news every day on crosscut.com.
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Crosscut Now is a local public television program presented by Cascade PBS