New Hawaii Foreclosure Law
Posted: Mon May 09, 2011 9:01 pm
Advocates hail foreclosure lawby Colin M. Stewart
Tribune-Herald Staff Writer
Published:Friday, May 6, 2011 9:22 AM HSTIt will keep more Hawaii families inside their homes, supporters sayExperts and activists battling home foreclosures on the Big Island say that a bill approved Thursday by Gov. Neil Abercrombie will go a long way toward keeping families in their homes.
The governor fast-tracked Senate Bill 651, signing the 102-page measure into law two days after the Legislature passed it. The Senate voted 23-2, while the House approved it 49-2.
Supporters say the law will keep more Hawaii families in their homes by mediating between homeowners and lenders, and promoting the modification of loan terms. It also will give homeowners facing a so-called nonjudicial foreclosure the option of converting the process to one overseen by the courts
Advocates hail foreclosure lawby Colin M. StewartTribune-Herald Staff WriterPublished: Friday, May 6, 2011 9:22
AM HSTIt will keep more Hawaii families inside their homes, supporters sayExperts and activists battling home foreclosures on the Big Island say that a bill approved Thursday by Gov. Neil Abercrombie will go a long way toward keeping families in their homes.The governor fast-tracked Senate Bill 651, signing the 102-page measure into law two days after the Legislature passed it. The Senate voted 23-2, while the House approved it 49-2.Supporters say the law will keep more Hawaii families in their homes by mediating between homeowners and lenders, and promoting the modification of loan terms. It also will give homeowners facing a so-called nonjudicial
foreclosure the option of converting the process to one overseen by the courts---
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