A proposed Homeowner Bill of Rights for Minnesota died before reaching the state's full legislature.
The Twin Cities Daily Planet has more below:
This is not the way Minnesota housing rights activists thought it would turn out when Democrats regained control of the the State Legislature: Hopes for passing a Homeowners’ Bill of Rights to protect Minnesotans from needlessly losing their homes to foreclosure all but died Friday.Sponsor Content
A Homeowners' Bill of Rights — similar to one that was adopted by California last year — would require automatic mediation between banks and homeowners facing foreclosure and prohibit the practice of 'dual-tracking,' in which banks negotiate with homeowners while simultaneously moving them towards foreclosure, often without their knowledge. Activists have been hoping that the Legislature will adopt such protections to help end the foreclosure crisis but got a cold dose of political reality: Without banking industry approval, some Democrats in the Senate appear unwilling to support a Homeowners’ Bill of Rights.