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Loan Modification

: The Truth About Mortgage.com

NY Governor Looks to Slow Foreclosures

By scot184

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New York Governor David A. Paterson is looking to keep more distressed borrowers in their homes by expanding previous laws and establishing safeguards against foreclosure scams. New legislation would require banks and lenders to give all homeowners a 90-day pre-foreclosure notice so they have more time to work on viable alternatives; this was previously in place [...]

Full post as published by The Truth About Mortgage.com on June 04, 2009 (boomark / email).

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