eClosing

Connecticut foreclosure mediation bill moves out of banks committee 

A bill to prevent mortgage lenders from foreclosing on property until a homeowner completes a foreclosure mediation process moved out of the Connecticut Assembly’s banks committee. If passed, H.B. 6351 would prohibit lenders from ordering a foreclosure sale or default judgment in Connecticut unless the homeowner has been notified of the possibility of seeking mediation assistance and has been allotted enough time to seek help and go through the mediation process.