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Posts Tagged ‘loan modification’

Banks would foot the bill to buy homeowners more time (access required)

by Monica Mendoza Published: February 3,2012

Tags: Foreclosure, loan modification, sb-71

Stressed borrowers ought to be given the opportunity to pursue loan modification remedies before the lender forecloses on their home. That is the heart of Colorado Senate Bill 71, proposed by Sen. Angela Giron, D-Pueblo. Under her legislation, lenders would need to work with a borrower “to effectuate a cure for default rather than move [...] [...]

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