To allow homeowners facing foreclosure to avoid deficiency judgments, and for other purposes.
Foreclosure Fairness Act of 2017
This bill prohibits a court, in the case of any federally related mortgage loan, from entering a deficiency judgment requiring the mortgagor to pay any remaining balance on the mortgage loan after a foreclosure sale of the mortgaged property.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H5096)
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
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