1 / 13

State Legislation Addressing Foreclosures

State Legislation Addressing Foreclosures. Heather Morton Program Principal Legislative Information Services National Conference of State Legislatures. NCSL. “Our nation’s state legislatures serve as the forum where the ideas of America are crafted, debated and enacted.”

garima
Download Presentation

State Legislation Addressing Foreclosures

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. State Legislation Addressing Foreclosures Heather Morton Program Principal Legislative Information Services National Conference of State Legislatures

  2. NCSL “Our nation’s state legislatures serve as the forum where the ideas of America are crafted, debated and enacted.” —William Pound, Executive Director, NCSL

  3. State Activities • No "one-size-fits-all" solution • Legislators, regulators, lenders and community groups working together • Legislation has changed as the foreclosure crisis has evolved

  4. First Wave of Legislation • Payment Assistance Programs • Foreclosure Hotlines • Foreclosure Consultant

  5. Foreclosure Consultant Map

  6. Second Wave of Legislation • Foreclosure mediation or settlement conferences • Protections for tenants renting homes facing foreclosure

  7. Mediation Map

  8. Tenant Issues Map

  9. Third Wave - 2011 Legislation • Process ensuring the validity of foreclosure proceedings • Property maintenance

  10. Property Maintenance Map

  11. Robo-Signing Response Map

  12. Future Wave • Provisions allowing homeowners to become tenants • Regulation of deficiency judgments • Process for abandoned homes to be sold

  13. Contact Information Heather Morton National Conference of State Legislatures Phone: (303) 856-1475 Email: heather.morton@ncsl.org Web site: http://www.ncsl.org

More Related