Weather Forecast

Close
Advertisement

Senate backs foreclosure delay

Email

ST. PAUL - Senators said they were responding Monday to reckless residential mortgage lending practices when they approved a plan giving some homeowners facing foreclosure temporary reprieve.

The Minnesota Senate passed 34-29 a bill allowing some mortgage borrowers on the verge of foreclosure a delay making payments of up to one year. The delay is meant to give them time to negotiate new mortgage terms and avoid foreclosure.

Get the full story
Subscribe or Log In

Advertisement
Advertisement
Advertisement