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Connecticut’s foreclosure mediation program extended



MIDDLETOWN State Rep. Matthew Lesser has announced the House of Representative voted in favor of HB 6752, which extends Connecticut’s successful foreclosure mediation program for an additional three years, with a vote of 140-2.

The legislation had an original sunset date of June 30, 2016, which will now be extended to June 30, 2019.

“Following the 2008 mortgage crisis, the Connecticut state legislature voted to enact the foreclosure mediation program to help families secure their financial footing and remain in their homes.

“It was probably the most important bill we passed in response to the crisis,” Lesser said. “Although the number of homes in foreclosure has thankfully decreased since 2008, there are many Connecticut families who still depend on these services,” he said in a press release.

The initiative is carried out by the state’s Judicial Branch and helps homeowners and lenders achieve a mutually agreeable resolution to a mortgage foreclosure action through the mediation process.

Article source: http://www.middletownpress.com/government-and-politics/20150529/connecticuts-foreclosure-mediation-program-extended

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