The legislature gave final approval Thursday to a bill that could slow foreclosures if there's a chance a homeowner could catch up on payments.
The bill, which now heads to Gov. Beverly Perdue's desk, would allow judicial officials to halt foreclosure proceedings if there's a good reason to think more time could help.
Attorney General Roy Cooper praised the bill in a statement Thursday. The bill also bars debt collectors from certain unfair or predatory practices.
"When a house goes into foreclosure, a family loses its home, neighbors lose property value and the lender loses money," Cooper said. "We're giving homeowners and lenders more time to work out solutions to foreclosure."
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Re: Bill aims to avoid foreclosures
Yes, Roy, and "right to own a house" should map well to "right to health care" as a RESULT, not an opportunity. you just don't understand.