Gov. Gary Herbert has signed into law the only bill to emerge from the Legislature that attempts to deal with the thousands of home foreclosures expected in Utah this year.
One in every 273 homes in Utah had a foreclosure filing in February, the fourth-highest rate in the nation, according to RealtyTrac, a California company that collects real-estate data. It said 3,488 properties had some kind of foreclosure notice filed last month.
SB261 allows homeowners who were illegally foreclosed on to seek damages. It also requires that homeowners be given written notification that a foreclosure sale is proceeding despite any reduced payment agreement and are liable for damages if they do not.
Click Here to Read: Utah Law Gives Owners Some Protections In Foreclosure...
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