California State Capital in Sacramento (Photo credit: Wikipedia) The California Legislature has passed a sweeping number of laws aimed at protecting homeowners from foreclosure. The package of bills was put forward by California State Attorney General Kamala Harris who in addition had worked out a massive settlement from the biggest 5 lenders over issues of mortgage fraud. The laws simplify the foreclosure process by requiring one point of contacts; robo signing is outlawed as well as the practice of "dual tracking" -- foreclosing on a home while the owner is negotiating a modification of the loan to keep the house.
I put forward a request for the City Council of Long Beach to support this package of bills.
http://www.latimes.com/business/la-fi-homeowner-rights-20120703,0,5215367.story
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