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Banking

Jul. 14, 2010

Court Program Forces Lenders to the Table

Thanks to an unusual program at the Orange County Superior Court, homeowners with looming foreclosures here can drag those lenders into settlement talks.

By Don J. DeBenedictis

Daily Journal Staff Writer

SANTA ANA - One of the most difficult problems for homeowners with mortgage problems is getting their lenders to actually talk to them. Thanks to an unusual program at the Orange County Superior Court, homeowners with looming foreclosures here can drag those lenders into settlement discussions.

Granted, reaching some sort of accommodation that allows a borrower in default to mod...

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