D.C. Banking Office Looks at Foreclosure Laws
Kopecki, Dawn, The Washington Times (Washington, DC)
D.C. bank officials want to stop foreclosure practices that have some D.C. residents losing their homes after missing as few as two mortgage payments.
That's why the D.C. office of Banking and Financial Institutions last week assembled a group of about 30 mortgage brokers, bankers, foreclosure attorneys and civic leaders to discuss revamping the District's antiquated foreclosure laws.
"Foreclosure laws in D.C. are nonexistent. People today have no recourse," said J. Anthony Romero III, superintendent of the agency.
The lack of adequate foreclosure laws in the District speaks to a larger problem within the city administration that Mr. Romero battles every day - the …
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Publication information: Article title: D.C. Banking Office Looks at Foreclosure Laws. Contributors: Kopecki, Dawn - Author. Newspaper title: The Washington Times (Washington, DC). Publication date: August 31, 1998. Page number: 3. © 2009 The Washington Times LLC. COPYRIGHT 1998 Gale Group.
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