The CA Legislature just OK'd a bill which would codify the material provisions in the AG Settlement, giving much more bite to protection for homeowners.  The Bill provides for a single point of contact for modifications and prohibits foreclosure proceedings while lenders are considering homeowner's foreclosure alternatives.  More importantly, it provides a private right to sue the lenders if they violate this law.  Score 1 for CA homeowners!  For more information click here http://www.businessweek.com/ap/2012-07-02/vote-set-on-writing-bank-settlement-into-calif-law

 


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