Homeowners who face foreclosure would have more time to save their homes under a bill that cleared the Virginia Senate on Tuesday.
Homeowners who face foreclosure would have more time to save their homes under a bill that cleared the Virginia Senate on Tuesday.
The chamber unanimously backed Senate Bill 1327, sponsored by Sen. Jennifer McClellan, D-Richmond. McClellan, also a Democratic candidate for governor, said it would give homeowners who have missed mortgage payments an opportunity to seek legal or financial recourse that could help avoid a worst-case scenario outcome.
“The more we can do to help people pay their mortgage and avoid being put out on the street, the better that is for everybody,” McClellan said in an interview. “That’s why you see a bill with no opposition.”
https://richmond.com/news/state-and-regional/virginia-senate-unanimously-passes-mcclellan-measure-for-stronger-foreclosure-protections/article_5ae1ac62-71ad-5cae-85d5-643e0fa55ba2.html