Tuesday, July 14, 2009

Connecticut's Voluntary Foreclosure Mediation Program Now Mandatory

In Hartford, Connecticut, the Hartford Courant reports:
  • As mortgage delinquencies continue to mount in Connecticut, the governor has signed three bills to help homeowners struggling with mortgage payments — including making participation in the state's foreclosure mediation program mandatory as of July 1. Gov. M. Jodi Rell said the legislation is aimed at homeowners who have lost their jobs, have taken a cut in pay or were victims of abusive lending practices — not those who bought more house than they could afford.

For more, see Rell Signs 3 Bills To Help Homeowners With Mortgage Payments.

See also The Connecticut Post: New law makes mortgage meltdown help mandatory.