ProJo: Advocates urge R.I. to extend foreclosure protection for homeowners
PROVIDENCE — Attorney General Peter F. Kilmartin joined housing advocates — as well as the mayors of Providence, Pawtucket and Warwick — on Monday to urge the General Assembly to extend the state's Foreclosure Mediation Act, set to expire on July 1.
The law requires lenders to give homeowners facing foreclosure the option of meeting with their lender and an independent mediator from Rhode Island Housing to attempt to work out a solution and avoid foreclosure.
“For me, this is just basic common sense,” said Pawtucket Mayor Don Grebien. “This to me is a no-brainer.”
Barbara Fields, executive director of Rhode Island Housing, said that as of March 31, the law, passed in 2013, has helped 679 Rhode Island families stay in their homes.
Courtesy of Providence Journal