Having trouble paying your mortgage? Pay attention to this post. A new set of rules being referred to as the "foreclosure relief bill' is aimed at helping financially troubled Minnesota homeowners avoid foreclosure. Those rules go into effect today.
Here a summary of the key provisions, according to information from Gov. Mark Dayton's office:
The new rules, which received broad support from housing advocates, Legal Aid, banks and credit unions, will bolster recent federal regulations from the Consumer Financial Protection Bureau, and will strengthen protections already in place under state law.
If you need help, or have specific questions about the new rules, contact Legal Aid's Ron Elwood at email@example.com.