Bill would require refunds of overpaid foreclosure costs in Colorado
Lawyers who pass on to homeowners the court costs of filing a foreclosure lawsuit against them would have to prove they incurred the expenses, under a legislative bill — but only if someone asks.
Additionally, foreclosure lawyers would be required under the bill proposed by Rep. Beth McCann, D-Denver, to keep receipts and other proof that the expenses they say a homeowner must pay to end the foreclosure process are real.
The legislation, HB-1130, unanimously passed a House subcommittee Wednesday and will be heard by the entire assembly. If it passes the House, it will move to the Senate for hearings.
"It's really a common-sense bill," said McCann, who has failed several times to bring legislative changes to the state's foreclosure process.
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