State works to stem tide of foreclosures PDF Print E-mail

(Rocky Mountain News, February 9, 2009)

Colorado is taking two definitive steps to offer some relief for thousands of residents faced with losing their homes to high-risk, high-cost loans.  ...  In addition, a "timeout" law will be introduced to give qualified homeowners a 9-day breathing period in which they can make partial payments while working out a better loan deal.

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