It also gives the banking commission the power to extend any foreclosure filing by 30 days. According to Wspa.com the governor’s “Emergency Foreclosure Reduction Program” requires that the lenders give homeowners and the state banking commission 45 days notice before filing any foreclosure action. Governor Mike Easley has signed three bills on Monday to help more than 25,000 families who are facing foreclosure. “The program is the first of its kind in the nation that makes sure homeowners an Another important benefit of refinance loans is that gives the borrower more flexibility. It allows you to change loan terms from a long one to something shorter. In this way, you can pay off the principal more quickly, thus saving you from the total interest charges.
