A new foreclosure law that took effect Thursday provides Idaho homeowners with better information regarding their rights and ensures lenders provide ample notice of sales and respond accordingly with mortgage modification requests.
Unfortunately, said Brett DeLange, foreclosures will not stop as a result of the new legislation.
"The most upsetting thing is that we have so many foreclosure matters facing homeowners in our state," said the Idaho Attorney General's chief of consumer protection.
Attorney General Lawrence Wasden sponsored House Bill 331, a collaboration between his office and the Idaho Bankers Association that passed during the last legislative session, following the dismal results in his office's February report on the state's housing crisis.
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