BILL INTRODUCED FOR BANKRUPTCY COURT-ORDERED FORECLOSURE MEDIATION

http://www.dsnews.com/articles/senator-introduces-bill-for-bankruptcy-court-ordered-foreclosure-mediation-2011-02-01


Whitehouse’s bill — Limiting Investor and Homeowner Loss in Foreclosure Act (S. 222) — was referred to the Senate Judiciary Committee, of which he is a member, last week. The full committee held a hearing Tuesday on bankruptcy court foreclosure mediation programs and how the approach might be used to “cut through the red tape” and bring the homeowner and their mortgage company together “for a good faith negotiation,” according to Whitehouse.