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Legal News

: Yahoo Law News

Few homeowners expected to benefit from foreclosure law (San Diego Union-Tribune)

By Wire Services

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A new, 90-day state moratorium on foreclosures went into effect this week to give homeowners more time to avoid losing their homes. But because the California Foreclosure Prevention Act exempts lenders from the moratorium if they submit modification programs for review, few owners are expected to benefit from the law, government officials and industry leaders said.

Full post as published by Yahoo Law News on June 19, 2009 (boomark / email).

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