Archive for January, 2009
California’s Foreclosure Reform Law (SB 1137): Required Contact by Lenders before Filing Notice of Default
This article is one of several entries regarding California’s recent enactment of its Foreclosure Reform Law (SB 1137). The general purpose of the new law is to alleviate the negative effects of the rising foreclosure rate in California on lenders, borrowers and renters. In an effort to ensure borrowers are given every opportunity to avoid [...]
California’s Foreclosure Reform Law (SB 1137): 60-Day Notice to Tenants
This article is one of several entries regarding California’s recent enactment of its Foreclosure Reform Law (SB 1137). The general purpose of the new law is to alleviate the negative effects of the rising foreclosure rate in California on lenders, borrowers and renters. In an effort to protect the interests of innocent tenants, the California [...]
California’s Foreclosure Reform Law (SB 1137) and its Effects on Lenders, Homeowners and Renters
In July 2008, the California State Legislature passed a measure aimed at addressing the ongoing foreclosure crisis in several counties of the state (Senate Bill 1137). The new law attempts to alleviate the adverse effects of the rising foreclosure rate felt by lenders, homeowners and renters. There are four key aspects to this new law. [...]