To limit investor and homeowner losses in foreclosures, and for other purposes.
Limiting Investor and Homeowner Loss in Foreclosure Act of 2011 - Authorizes a bankruptcy court to establish a loss mitigation program for the negotiation of consensual alternatives to avoid foreclosure between an individual debtor and the holder of a claim secured by a security interest in the debtor's principal residence.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 22.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
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