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Hawaii Launches Foreclosure Dispute Resolution Program

The state of Hawaii has now gone live with its Mortgage Foreclosure Dispute Resolution (MFDR) program.

MFDR is a key component of Act 48 ""signed into law"":http://dsnews.comarticles/hawaii-enacts-foreclosure-mediation-law-2011-05-10 by Gov. Neil Abercrombie this spring and intended to ""reform the foreclosure process"" in the state, according to government officials.


The program is designed to offer owner-occupants of residential property in non-judicial foreclosure the opportunity to meet directly with their lenders to modify their loans or work out an alternative to foreclosure.

MFDR is being administered by Hawaii's Department of Commerce and Consumer Affairs (DCCA) and will remain in effect through September 30, 2014.

""The Mortgage Foreclosure Dispute Resolution program came to be through the collaborative efforts of all three branches of government â€" executive, legislative, and judicial,"" said Keali'i Lopez, director of Commerce and Consumer Affairs.

""[T]he program is a key feature of the Abercrombie administration's ongoing commitment to invest in the people of Hawai'i and may help prevent homeowners from losing their homes,"" Lopez added.

MFDR will be funded by fees paid by participating lenders and owner-occupants. DCCA is currently accepting registered lenders' submissions of non-judicial foreclosure notice filings through ""the program website"":http://mfdr.ehawaii.gov.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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