Feb 2008
Attorney Melchionne testifies before General Assembly on Foreclosures
Wednesday, Feb 27 2008 Filed in:
What's New
Yesterday, Attorney Melchionne testified before the joint House and
Senate Housing Committee on two proposals to revise current
foreclosure procedures in the court and to help protect homeowners
from foreclosure. The current foreclosure crisis has deepened in
Connecticut in response to the failed sub-prime mortgage market and
the resulting tightening of home lending policies. Attorney
Melchionne's testimony was well-received by the committee members
who had many questions about the foreclosure process. In closing
his comments on the two bills, Attorney Melchionne stated,
"This
is not about the sub-prime mortgage market or declining values in
real estate. These acts are aimed at protecting Connecticut
families from forces that threaten to further rip them apart. Any
action this committee takes will be a step towards preserving our
neighborhoods, our towns and most importantly our family units."
You can find his full statement to the General Assembly
here.
