How does a request for information make the foreclosure process fairer for homeowners?
Abusive servicing companies often delay or even fail to respond to homeowners’ questions about their loan. In the past few years, some homes were sold in foreclosure before the homeowner had received the answers to basic questions about fees and payments. House Bill 1374 provides a specific way for homeowners to ask questions about the servicing of their mortgage loan and receive answers in a timely manner.
