Sense of Congress: Moratorium Until Mitigation Programs Work

On May 20, 2009, Congress got some sense — stop foreclosures until these newly created government programs start working: It is the sense of the Congress that mortgage holders, institutions, and mortgage servicers should not initiate a foreclosure proceeding or a foreclosure sale on any homeowner until the foreclosure mitigation provisions, like the Hope for Homeowners [...]

New Federal Law Protects Tenants

Update of July 23, 2010: PTFA was extended through the end of 2014.  See story here. ——————————————– The Protecting Tenants at Foreclosure Act, PL 111-22 became effective May 20, 2009.  It applies to foreclosures through December 2012 when the law sunsets.  For full text of the federal law see S. 896, pp 29-31. The days of tenants [...]

Follow

Get every new post delivered to your Inbox.