Conn. House Approves Home Foreclosure Help Bill

May 24, 2013
Seattle Post-Intelligencer  
mortgage lending news

Lawmakers in Connecticut have pushed through more protections for homeowners in the state who are facing foreclosure. The House bill, which builds on an existing foreclosure-prevention initiative, won unanimous support in the chamber. Gov. Dannel Malloy and Rep. William Tong said the measure better protects distressed borrowers and ensures they are treated more fairly by requiring mediation in good faith between homeowners and banks, curtailing delays, reducing paperwork, and preventing homeowners in foreclosure mediation from facing foreclosure-related litigation.
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