New Law Offers Relief to Struggling Utah Homeowners
Despite signs of economic recovery, the home foreclosure crisis is far from over. Utah homeowners still face considerable threats: in February, Utah had the fourth highest per capita rate of foreclosure filings in the nation and over 32,000 homeowners were slapped with foreclosure notices in 2010. In other words, last year an astonishing one in 29 homes was affected.
State lawmakers have taken notice. A new bill aimed at stemming wrongful foreclosures in Utah, SB261, was recently signed into law by Governor Gary Herbert. While SB261 seems to be a step in the right direction, ...