Roundtable Discussion on Utah’s Foreclosure Crisis

Senator Ben McAdams and Representative LaVar Christensen will host a roundtable discussion on foreclosures in Utah on January 18, 2011.

RealtyTrac reported this month that Utah had the nation’s 5th highest foreclosure rate among the states in 2010, representing a 19.82% increase from 2009 and a 119% increase from 2008. One in every 29 Utah housing units received a foreclosure notice during 2010. The housing crisis is tipping in the wrong direction in Utah and it requires a solution.

Representative LaVar Christensen and Senator Ben McAdams, working with the forum’s sponsors, are hosting a public forum and panel discussion that will examine the scope of the home foreclosure crisis in Utah and listen to frustrations of individuals and families who have lost their homes due to foreclosures. Christensen and McAdams are both proposing legislation in the 2011 legislative session that would implement a foreclosure mediation program similar to programs adopted by various other states. They are seeking input through this forum on how a Utah home foreclosure mediation program could be structured.

When:   Tuesday, January 18, 2011 at 4 pm.

Where:  Senate Building, Room 201, Utah State Capitol Complex.

Sponsors:  Institute of Advanced Mediation & Problem Solving, Wasatch Advocates, Utah Housing Coalition, Utah Dispute Resolution, Utah Council on Conflict Resolution, Utah State Bar Dispute Resolution Section, and the S.J. Quinney College of Law, University of Utah.

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