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Home » Store » News » Senate Panel Approves Bill Giving Bankruptcy Courts More Clout in Loss Mitigation Efforts

Senate Panel Approves Bill Giving Bankruptcy Courts More Clout in Loss Mitigation Efforts

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The Senate Judiciary Committee last week approved legislation that would give bankruptcy courts the ability to offer mediation programs to help distressed mortgage borrowers and servicers agree on loss mitigation alternatives to foreclosure. In a 10-8 vote, the panel approved...
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