A new forecast on foreclosures suggests you may know someone who could lose their home this year.

Foreclosure tracker RealtyTrac Inc.is predicting 1.2 million homes will be repossessed this year.  That's more than any other year since the housing meltdown began.

Here in Washington state, more than 77,000 families had lost their homes by the end of last year.

That's why two King County lawmakers are introducing a bill that would force banks into mediation with homeowners to explore their options.

"What we're saying is we think it ought to be a face-to-face meeting and that the documents and information needs to be shared before anyone's home is at risk," said Rep. Tina Orwall, D-33rd District, south King County at a news conference held to announce the introduction of the foreclosure bill in the legislature.

"The purpose of these two bills, is to allow homeowners some assistance," says Sen. Adam Kline, D-37th District, Seattle.  "The assistance not of a lawyer, but of a mediator, in meeting the banks on at least some kind of level playing field."

In 2009, lawmakers in Olympia passed a law requiring lenders to meet with homeowners - possibly on the phone - before foreclosing.  The new bill would strengthen that with face-to-face meetings.
       
It would also provide trained housing counselors and a third-party mediator as part of the loan modification process.