Real Estate/Development,
Banking
Oct. 19, 2020
SB 1079 is a set back for both lenders and borrowers
This bill makes nonjudicial foreclosures slower, more expensive, and a less appealing remedy against defaulting trustors-debtors, and will increase costs for lenders and for residential borrowers.
Jarrett Osborne-Revis
Attorney
Buchalter APC
Phone: (916) 945-5170
Email: josbornerevis@buchalter.com
Shutterstock
Last month, Gov. Gavin Newsom signed Senate Bill 1079 into law as part of a package of 15 bills aimed at establishing new rights for tenants and community groups. Aimed at tackling California's affordable housing crisis, SB ...
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