Oregon House Votes to Extend Foreclosure Mediation

May 22, 2013
Associated Press  
mortgage lending news

House representatives in Oregon have voted to extend a mandate put in place last year requiring some mortgage lenders to sit down with distressed borrowers and a mediator before starting the foreclosure process. While the measure initially applied only to certain non-judicial foreclosures, legislators in the state's lower chamber agreed to extend the reach to all foreclosures. The proposal, which aims to keep borrowers in their homes, now moves to the desk of Gov. John Kitzhaber.
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