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.
Robert S. McWhorter
Shareholder
Buchalter APC
Phone: (916) 945-5170
Email: rmcwhorter@buchalter.com
Robert McWhorter is a Shareholder in Buchalter's Sacramento office, and is a member of the Firm's Litigation Practice Group. He is the Chair of Sacramento's Litigation Practice Group. His practice focuses on representing financial institutions and business entities in commercial, business and bankruptcy litigation. He has extensive experience handing lender liability actions, franchise litigation, bankruptcy, insolvency law, creditors' rights, real estate disputes, corporate dissolutions, loan workouts and restructuring, receiverships, and litigation involving business torts and contract law. He has handled multiple complex liability claims against officers and directors of corporate entities. Through his bankruptcy and commercial practice, Mr. McWhorter possesses substantial expertise handling Article 9 issues under the Uniform Commercial Code.
Jarrett Osborne-Revis
Attorney
Buchalter APC
Phone: (916) 945-5170
Email: josbornerevis@buchalter.com
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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