Foreclosure Mediation Bill Becomes Oregon Law

Gov. John Kitzhaber signed a bill that creates a foreclosure mediation program and requires banks to meet with borrowers who elect to participate. It also outlaws lenders' practice of initiating foreclosure proceedings while simultaneously negotiating for a possible loan modification.
April 12, 2012
 

Gov. John Kitzhaber signed a bill that creates a foreclosure mediation program and requires banks to meet with borrowers who elect to participate. It also outlaws lenders' practice of initiating foreclosure proceedings while simultaneously  negotiating for a possible loan modification.

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