Governor Mike Easley of North Carolina has recently signed three different bills, all trying to help alleviate the stress and pain of facing foreclosure on your home. The first bill states that lenders of mortgages are now required to provide a notice of foreclosure 45 days prior to filing a foreclosure. The bill also states that the bank commissioner in charge of the mortgage is able extend the foreclosure filing by 30 days if needed. The bill is being passed to hopefully help more people to avoid foreclosure on their homes. According to the Associated Press, Governor Easley states that “Our goal is to help bring borrowers and lenders together so that the family gets to keep their home and the bank does not lose money on the loan”. The second bill has gotten rid of yield rate premiums, which are used to pay the mortgage brokers in order for them to charge higher fees to the consumer. The third bill requires individuals and companies to make any and all reports about a loan to the bank commissioner. All three of these bills are being passed in order for North Carolina homeowners get a hold on their mortgages and help with avoiding foreclosure on their homes at all costs.