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June 23, 2011
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Legislators hope new laws slow foreclosures

As overgrown yellow lawns and unlit windows dot vast suburban neighborhoods in Nevada, legislators hope new laws they passed this session will make a dent in a foreclosure crisis that is still hitting this desert state the hardest.

Measures to encourage short sales rather than foreclosures, prevent banks from "robo-signing" and shorten the time secondary lenders can pursue claims against homeowners should help upside down families avoid losing their homes, according to lawmakers who carried the bills.

But they acknowledge they fell short of their ambitions, and there's no one law to fix problems that have lingered through three legislative …

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The Nevada Appeal Updated Jun 23, 2011 10:36PM Published Jun 23, 2011 10:35PM Copyright 2011 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.