Homeowner's Bill of Rights

The Homeowner’s Bill of Rights is a set of laws designed to protect homeowners, particularly in situations involving foreclosures and mortgage lending. It ensures that homeowners have clear communication from lenders, fair treatment, and access to assistance if they’re struggling to pay their mortgage. Key provisions may include the right to an early notice of default, fair consideration for loan modifications, and protections against dual tracking (being foreclosed while seeking loan modification). Overall, it aims to provide homeowners with rights and safeguards during financially challenging times, promoting transparency and fairness in the mortgage process.