senate bill 1137: New California Mortgage Bill - 07/08/08 12:12 PM
July 8 2008 by Jim W Hildreth Broker, RE/Max of Sonora
Attention California agents and Brokers. Cailfornia has a new mortgage bill that you should be aware of especially for those clients who may be facing foreclosure.
Ā Mortgage lenders must contact California home borrowers to explore loan modifications by phone or in person before starting foreclosure proceedings under a new law Gov. Arnold Schwarzenegger signed today.
Senate Bill 1137, which takes effect immediately, prohibits lenders from filing a default notice until 30 days after contacting a borrower or making legitimate attempts to do so. The new law by Sen. Don Perata, … (3 comments)

 
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Jim W Hildreth

Real Estate Mediation Services

Sonora, CA

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Jim W Hildreth Real Estate Brokerage & Mediation Services

Address: 950 S Washington St, Sonora, CA, 95370

Office: (209) 536-1103

Mobile: (209) 988-3905

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