Homeowner Bill of Rights Contains Significant Mortgage And Foreclosure Reforms
[caption id="attachment_5878" align="aligncenter" width="350" caption="Gov. Jerry Brown signs the Homeowner Bill of Rights"][/caption] On July 11, 2012, California Governor Jerry Brown signed the California Homeowner Bill of Rights into law. The law goes into effect on January 1, 2013. The Homeowner Bill of Rights is actually a series or package of bills designed to protect homeowners and communities. The California Homeowner Bill of Rights is designed to bring fairness, accountability and transparency to the California's mortgage and foreclosure process. The bill marks the third step in Attorney General Kamala D. Harris’ response to the state’s foreclosure and mortgage crisis. Her first step was to create the Mortgage Fraud Strike Force, which has been investigating and prosecuting misconduct at all stages of the mortgage process....
Newest Foreclosure Law in California- California Homeowner Bill Of Rights Information
[caption id="attachment_5722" align="aligncenter" width="455" caption="Assembly Bill 278 and SB900 become California's newest foreclosure law"][/caption] The bill, introduced by Attorney General Kamala Harris and championed by homeowners and consumer advocates, was signed by the governor the other day. Does this mean no more Short Sales going to foreclosure at the 11th hour? Is it possible this could stop lenders and servicers from running foreclosures and short sales simultaneously, with no communication between departments? Only time will tell, but Sacramento Short Sale Agents like me are hoping! “The California Homeowner Bill of Rights will give struggling homeowners a fighting shot to keep their home,” said California Attorney General Kamala D. Harris. “This legislation will make the mortgage and foreclosure process more fair and transparent, which will benefit...
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