Thursday, April 15, 2010

SB 1275, Home Owners Bill of Rights, Makes Its Way through Legislature

SB 1275, the Homeowner’s Bill of Rights, would require that homeowners receive notice of their rights regarding their mortgages prior to foreclosure, as well as the remedies available to them if they believe their rights under the law have been violated.

The bill also would require loan servicers to process any application for loan modification before starting the foreclosure process.

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