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Consumer Law

: Caveat Emptor

California Foreclosure Law Passed

By Sam Glover

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“The thrust of the law is to require mortgage servicers to exhaust all avenues in order to contact borrowers and negotiate modified terms before foreclosing. It also provides limited protections for tenants affected by landlords’ foreclosures and imposes duties on foreclosing servicers to maintain properties.” California Foreclosure Law Passed | Consumer Law & Policy

Full post as published by Caveat Emptor on July 10, 2008 (boomark / email).

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