Today it is expected that a late Bill will be introduced in the Colorado Legislator proposing to mandate undefined loss mitigation efforts by the lender prior to foreclosure.  Although there may be merit underlying this effort, the late nature of the legislation and the impact on the judiciary and lending industry would be massive and should not be taken lightly.  The proposed requirements and procedures will have a fiscal impact and participation by all interested parties should be had before implementing more changes on the heels of the major foreclosure law reform last year.

Robert J. Hopp, an active member of the American Financial and Legal Network, was recently elected Chairman of the Technology and Attorney/Client Committees.

House Bill 1157 sponsored by House Assistant Majority Leader Representative Michael Garcia was heard by the Business Affairs Committee on February 8th, 2007 and unanimously approved, 9-0.

Robert J. Hopp, an active member of the American Financial and Legal Network, was recently appointed to the Technology Committee which will review, evaluate and address changes in the use of technology in business within the mortgage and legal industries.

Robert J. Hopp and Jack Arrowsmith, Douglas County Public Trustee, have joined to promote and host a series of public training seminars focused on the new foreclosure laws affecting Colorado.