Homeowners Bill of Rights

FORECLOSURES DROP NEARLY 40% IN CALIFORNIA DUE TO NEW LAW PROTECTING HOMEOWNERS

 

By Miriam Raftery

February 14, 2013 (San Diego) – Just in time for Valentine’s Day, here’s some news homeowners will love.  In California, foreclosure filings plunged 39.5% from December to January – the first time since early 2007 that California did not have the highest foreclosure rates in the nation. Nationally, foreclosures have fallen too, though far less steeply: 11% from December to January, and 28.5% from a year ago.

What’s fueling the sudden change?  According to Mortgage Daily News, the state and national shifts are due to California’s new Homeowners Bill of Rights, passed by the Legislature at the request of California Attorney General Kamala Harris (in photo, left, with Governor Jerry Brown).

GOVERNOR SIGNS HOMEOWNERS BILL OF RIGHTS INTO LAW


July 11, 2012 -- Marking a major milestone for Californians and all Americans, the Homeowners Bill of Rights, a package of bills sponsored by Attorney General Kamala D. Harris that gives homeowners important new protections and places restrictions on how aggressively banks can foreclose, was signed into law today by Governor Brown.

CAPITOL REPORT: HOW SAN DIEGO'S LEGISLATORS VOTED ON HOMEOWNERS BILL OF RIGHTS

 

July 5, 2012 – The Homeowners Bill of Rights is one of the most significant consumer protection reforms this year. Find out how your representatives in San Diego County voted on this important legislation, which passed both houses in Sacramento and is expected to be signed by Governor Jerry Brown.

Status: On Governor’s desk awaiting action