Senate Bill 5399 — legislation that would curb those contracts to five years — made it through the House on Friday with a unanimous 98-0 vote.
“We fixed all that in the bill that passed. So the time limit went from 40 years down to five years,” said Sen. Mark Mullet, a sponsor of the bill. “And we’ve also corrected all the other bad, unintended consequences realized from the bills that they’ve had, you know, from the contracts they’ve had people signing in Washington.”
And if you die, the contract runs with the land, not the person — so your heir must assume the contract or pay up.“I think it’s going to make those companies relook at that business model,” said Sen. Mullet. “We don’t see a lot of customer satisfaction from Washington residents, and this will fix that.”
Betty Wiedenhoft told us about her 66-year-old son, Ronn Glenn. He signed with MV Realty for $2,300 dollars.“He wouldn’t tell me nothing,” Wiedenhoft said.
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