Home Must Reads House approves foreclosure protection bill

House approves foreclosure protection bill

| Print |  Email
Must Reads
Tuesday, March 06, 2012

Oregon lawmakers reached a last minute deal on protections for homeowners facing foreclosure.

The House approved Senate Bill 1552 by a 59-1 vote late Monday as the Legislature approached adjournment. It will require lenders to meet with borrowers in mediation if the borrower requests it, and it will end the "dual track" practice of foreclosing while negotiating a loan modification.
The mediation requirement gives homeowners the chance to plead their case with their lender and a third party face to face.
"That's going to make a world of difference for a lot of homeowners," said House Democratic Leader Tina Kotek of Portland. "Some might still get foreclosed upon, but they will at least get to sit down and talk with their lender."

Read more at OregonLive.com.

{biztweet}oregon foreclosure{/biztweet}

 

More Articles

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

The short list: 5 companies making a mint off kale

The Latest
Thursday, November 20, 2014
kale-thumbnailBY OB STAFF

Farmers, grocery stores and food processors cash in on kale.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

The clean fuels opportunity

News
Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS