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Real Estate & Property Law

: Housing Wire

90-Day Moratorium for California

By KELLY CURRAN

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The California Legislature, as part of the recently-passed budget package, approved Friday, legislation SB2X-7 and AB2X-7, which provide for a 90-day foreclosure moratorium. The bill, introduced by Sen. Ellen Corbet (D-San Leandro), covers owner-occupied homes where the first loan was recorded between Jan. 1, 2003 and Jan. 1, 2008. “Many people in our communities are facing [...]

Full post as published by Housing Wire on February 24, 2009 (boomark / email).

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