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2011-03-23 17:03:09
Rally for Utah Foreclosure Law

A rally scheduled for Thursday to push for legislation to help homeowners deal with a wave of foreclosures in Utah has been postponed.

A coalition of groups backing the rally at the state Capitol has rescheduled the event for 4:30 p.m. April 20.

Attorney Abraham Bates, one of the organizers, said the postponement will give backers time to conduct talks with more groups who have an interest in the issue, including the Utah Bankers Association, the Utah Association of Realtors, the Attorney General’s Office and members of the Legislature.

The rally is aimed at drawing attention to three main concerns, Bates said:

  • Utah is the one of the “hardest-hit” states when it comes to foreclosures, a trend expected to accelerate.
  • Utah is the only state among the top-five hardest-hit without a law that provides families facing foreclosure an opportunity to meet with a representative of the lender or loan servicer of their mortgage to discuss alternatives.
  • To push for a June special session of the Legislature to consider legislation to address the foreclosure issue.

For more information on the proposed and failed legislation, please see our 2 previous BLOG posts dated 3/2/11 & 2/27/11

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