S2324 — Provides foreclosure stay of proceedings for certain residential borrowers and exempts certain lenders that offer sustainable mortgage modifications.

S2324 — Provides foreclosure stay of proceedings for certain residential borrowers and exempts certain lenders that offer sustainable mortgage modifications. · Informed CitizenryThis bill establishes a six-month stay of foreclosure proceedings for residential borrowers whose mortgage principal exceeds 110% of the property's fair market value (underwater mortgages) and who…Open in Informed Citizenry