Wednesday
Jul112012

California Homeowner "Bill of Rights" Becomes Law

All eyes in the nation now turn to California as Governor Jerry Brown signed into law today the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California's housing market and prevent the other negative effects of foreclosures on families, communities, and the economy. The new law will generally prohibit lenders from engaging in dual tracking, require a single point of contact for borrowers seeking foreclosure prevention alternatives, provide borrowers with certain safeguards during the foreclosure process, and provide borrowers with the right to sue lenders for material violations of this law.

PrintView Printer Friendly Version

EmailEmail Article to Friend

References (6)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Silicon Valley Real Estate - Blog - California Homeowner "Bill of Rights" Becomes Law
  • Response
    Silicon Valley Real Estate - Blog - California Homeowner "Bill of Rights" Becomes Law
  • Response
    Response: USHUD
    Silicon Valley Real Estate - Blog - California Homeowner "Bill of Rights" Becomes Law
  • Response
    Response: freedom mentor
    Silicon Valley Real Estate - Blog - California Homeowner "Bill of Rights" Becomes Law
  • Response
    Silicon Valley Real Estate - Blog - California Homeowner "Bill of Rights" Becomes Law
  • Response
    Response: Homes in Irvine
    I like the fact that this law aims to avoid foreclosure where possible to help stabilize California's housing market and prevent the other negative effects of foreclosures on families, communities, and the economy. However, I must add that nothing is permanent in real estate. So, it’s all a wait and watch ...

Reader Comments (1)

Think of it as something that could be we formed in the future for good.
t's real estate development after all. And nothing can be done when someone has decided that this is going to be it. Everyone wants a nice service or a beautiful service as it looks like every corner uses the same language,style and design when it comes to this thing. And to be honest everyone would say it if not like that than at least that it is true. Even OC Estates and http://robinsheppard.yourkwagent.com/ have agreed on that.

June 14, 2015 | Unregistered CommenterKarren Bild

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
« When in Doubt...Cut the Price! | Main | Mortgage Rates Drop Again! »