Published: Wednesday, Feb. 29, 2012 - 1:38 pm
California Attorney General Kamala Harris joined state Senate President Pro Tem Darrell Steinberg and Assembly Speaker John Perez to unveil a package of bills designed to curb unfair foreclosure practices.
Dubbed the "California Homeowner Bill of Rights," the six measures call for more transparency by banks, provide protections for renters who live in foreclosed properties, impose fees on banks each time they foreclose on a home and create a special grand jury to investigate financial and foreclosure crimes.
One of the bills also aims to do away the controversial practice of dual track foreclosures, where a bank starts the foreclosure process at the same time it is negotiating a loan modification with the owner.
Click here for the SacBee website
Dubbed the "California Homeowner Bill of Rights," the six measures call for more transparency by banks, provide protections for renters who live in foreclosed properties, impose fees on banks each time they foreclose on a home and create a special grand jury to investigate financial and foreclosure crimes.
One of the bills also aims to do away the controversial practice of dual track foreclosures, where a bank starts the foreclosure process at the same time it is negotiating a loan modification with the owner.
Click here for the SacBee website
Hi,
ReplyDeleteForeclosures break up the dynamic of families and are devastating. Too many families are ending up in this position.I really enjoyed reading your post.
California real estate lawyer