Senator Diane Savino Discusses the New Foreclosure Prevention Law on the Joe Gross Show



Senator Diane Savino discusses the new Foreclosure Protection Law on the Joe Gross Radio show. The legislation, signed into law in December, establishes the strongest homeowner protection reforms in the country. The bill gives more time and opportunities for homeowners to find an alternative to foreclosure, requires banks and mortgage companies to negotiate in good faith with homeowners, as well as requiring them to maintain foreclosed properties. In addition, tenants who live in foreclosed properties will be allowed to remain in their homes for the remainder of their lease.

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