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D.C. homeowners to get foreclosure reprieve

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The D.C. Council passed an emergency bill requiring mortgage lenders to enter a 90-day mediation before foreclosing on a home. Introduced by Ward 4 Councilwoman Muriel Bowser, the bill is designed to force lenders to provide homeowners with alternatives to losing their homes. Bowser said it was necessary that the council act quickly to slow down the number of residents being kicked out of their...

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