Foreclosure protection amendments proposed

Foreclosure protection amendments proposed

Oregon House Republicans are floating an amendment that could weaken a foreclosure protection measure that passed with broad support in the Senate last week.

 

Changes proposed by Republican leaders to Senate Bill 1552 would do away with the requirement that banks meet with borrowers in mediation if the borrower requests it.
The amendment would make mediation voluntary, and it would ease some legal hurdles for foreclosing. It would allocate money for the mediation services, as well as counseling and other assistance for homeowners.

Read more at OregonLive.com.

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