N.C. foreclosure plan to be national model
Friday, December 5th, 2008
By Staff
Published: December 4, 2008
Gov. Mike Easley today briefed National Attorneys General Association members at a conference in Fort Lauderdale on North Carolina's ground-breaking Home Foreclosure Prevention Program. The National Governors Association is recommending national legislation based on North Carolina's program, which Easley signed into law this summer. Earlier this week the governor discussed the foreclosure prevention program with President-elect Barack Obama and the National Governors Association in Philadelphia.
"Attorneys general play a critical role in preventing foreclosures and keeping families in their homes," Easley said. "In addition to their basic responsibilities to protect consumers, attorneys general involvement is needed to resolve complex legal issues. Since most mortgage investment packages today have been sold as securities and are owned by several parties, anyone of these parties can file legal actions to prevent the loan modifications that help families avoid foreclosure. The attorneys general can ensure the public has the legal representation it needs." (more…)
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