Connecticut Attorney General Tires to Postpone Foreclosures

ForeclosuresDE President and co-founder, Jeremy Shapiro Conneticut's state attorney general is doing his best to persuade the courts to allow consider putting foreclosures already in court on hold so that borrowers may benefit from the new program effective July 1st. Borrowers who are already in foreclosure should be allowed to participate in mediation if the program would help keep them in their homes. Public and private funding in Florida will pump millions into local initiatives that are helping to keep families in their homes. Jacksonville Area Legal Aid is raising ?$1 million to help hire more staff for its predatory lending department and also to spread their efforts to more struggling homeowners. More funding for the organization will come from private donations. New York Gov. David Paterson and leaders of the State Legislature announced an agreement to overhaul sate foreclosure laws. Under the proposed legislation lenders would have to give homeowners at least 90 days warning before initiating foreclosure proceedings, and would have to include in that notice a list of state-approved housing counselors in the homeowners area

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