Money from homeowners who paid to stop a foreclosure against them will not be handed over to the lawyers who filed the case until they submit a final bill of their actual costs, according to the latest version of a legislative bill.
The bill, House Bill 1130, aims to clean up problems with the state's foreclosure process identified last year by The Denver Post — specifically that attorneys representing banks and other lenders sometimes wrongly charged homeowners for the costs of filing phantom lawsuits.