New Hampshire Foreclosure Rescue Scam Bill Still Bouncing Around In The Legislature

An Associated Press report out of New Hampshire, reported in the Boston Globe, indicates that there is still some jockeying around with respect to the proposed foreclosure rescue scam legislation that has been bouncing around in the state Legislature for the last couple of months. Since the approval of a Senate bill a couple of weeks ago, the bill was subjected to further tinkering around between negotiators from the state Senate and negotiators from the state House of Representatives. Reportedly, a compromise has been reached. I suspect that, at this point, the bill will be the subject of two more votes (one in the Senate and one in the House) and, if approved by both houses of the state legislature, will then go to the governor for his approval. Among other point, violators of the recently modified proposed statute will be subject to jail time, and a financially strapped homeowner would have a legal right to recover 90 percent of any equity they lost in a pre-foreclosure sale. For more, see Negotiators reach compromise on foreclosure scam bill. See also the Nashua Telegraph, State & New England News Digest - Agreement reached on foreclosure bill)