February 10, 2012
FOR IMMEDIATE RELEASE
Gara Bill Stops Bogus Bank Foreclosures
(JUNEAU) – Today Rep. Les Gara filed legislation to stop one of the most abusive bank practices since the 2007 recession. “Banks have been taking homes from people who are current on their payments. It’s a national dilemma. It’s time to stop this abuse,” said Gara.
Across the country there are thousands of stories of destroyed lives and confiscated homes. Innocent people deserve better. House Bill 317 requires banks to have a face to face meeting with homeowners before they foreclose. If they are in substantial compliance, foreclosure will simply be forbidden.
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