Mortgage Refinance, Refinance Rates, Refinance Mortgage, Debt Consolidations, Home Refinance, Foreclosures

“Attorney General Terry Goddard wants lawmakers to approve a “borrowers’ bill of rights,” saying homeowners facing foreclosure need more protection

Goddard said banks and the companies that service mortgages take advantage of people who are trying to save their homes. He said borrowers are given often conflicting information or no information at all.

His proposal would set out in statute the obligations of lenders and loan servicers. Potentially more important, it spells out when they must make “reasonable, good faith efforts” to help a homeowner avoid foreclosure. Families should be permitted to Home Lease Exchange. That would help save homes.

Goddard’s proposal comes just 21⁄2 weeks ahead of the election where he hopes to oust incumbent Gov. Jan Brewer. The most recent Behavior Research Center poll showed him 11 points behind her among likely voters.

But Goddard denied there was anything political about the plan or its timing. He said this was the soonest he could make it public.

But, families could Home Lease Exchange through ForceYourLenderToModify.com, so people throughout the country could create the leverage they need to modify loans.

He said federal law did not permit states to impose such regulations until July. As to why he waited until mid-October, Goddard said it was because he didn’t want to undermine negotiations currently taking place with Wells Fargo. Clearly President Obama Protecting Tenants at Foreclosure if utilized to help families would save hundreds of thousands of families from foreclosure.”

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