Government
Jul. 21, 2012
Homeowner’s Bill of Rights: a fairer foreclosure process for California
As this legislation is the first of its kind in our nation, homeowners should anticipate a drastic change in how lenders pursue foreclosure proceedings. By Brian Kabateck and Dominique Nasr of Kabateck Brown Kellner LLP
It is no secret that homeowners in the U.S. have been decimated by the mortgage crisis. Approximately 8 million home foreclosures were initiated between 2007 and 2012. California has been one of the hardest-hit states, not far behind Nevada and Florida, with more than 1 million homeowners having lost their homes since the start of the housing crisis.
Throughout this time, particularly during 2008, 2009 and 2010 of t...
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