Tuesday, March 1, 2011

Foreclosure Deferment Program Extended to 2014

The Foreclosure Deferment Program, which allows borrowers, under certain conditions, to gain an extra 90 days during the foreclosure process, has been extended to June 30, 2014. The program had originally been set to sunset on July 30, 2011.

The Act can be viewed here.

The foreclosure deferment program is explained on the Division of Housing web site here.

John Hickenlooper signs House Bill 1023 on March 1 as bill sponsors Mark Ferrandino and Morgan Carroll look on.