schwarzenegger: Governor of CA Signs New Foreclosure Mortgage Bill - 07/08/08 10:41 AM
Senate Bill 1137, the so-called foreclosure mortgage bill, sponsored by Senate president pro tem Don Perata, was signed into law today by Governor Arnold Schwarzenegger.
Among some of its provisions, lenders can no longer automatically foreclose on sellers who fall behind on their payments. Under the new law, lenders are required to either first call the home owner or meet in person with the home owner to discuss options for avoiding foreclosure.
Also, tenants can now have 60 days (instead of 30 days) to move out of the property after the home has been taken back by the bank.

(8 comments)

 
Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you (Elizabeth Anne Weintraub, Broker)

Elizabeth Weintraub Sacramento Broker

Put 40 years of experience to work for you

Sacramento, CA

More about me…

Elizabeth Anne Weintraub, Broker

Address: 3620 Fair Oaks Blvd, Sacramento, CA, 95864

Office: (916) 233-6759

Mobile: (916) 233-6759

Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.
<

Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.



Listings

Links

Archives

RSS 2.0 Feed for this blog