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House Bill 1487


House Bill 1487

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Foreclosure prevention. Requires a court, in a mortgage foreclosure action with respect to an occupied dwelling, to consider evidence concerning the effect of the foreclosure. Requires the court to withhold entry of judgment in a foreclosure action for 180 days if the court finds: (1) entry of a judgment of foreclosure will have a negative effect on the occupant or neighborhood, or may lead to the house becoming vacant; and (2) there is a reasonable possibility that withholding entry of judgment in a foreclosure action will reduce the negative effects.
Current Status:
 In Committee - first House
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