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Loan Modification

: The Truth About Mortgage.com

California Foreclosure Moratorium Takes Effect

By scot184

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A bill signed into law by Governor Schwarzenegger back in February has launched a supposed “California foreclosure moratorium” in the state today. Going forward, banks and mortgage lenders will either need to renegotiate a loan or provide 90 days notice before foreclosing on a property. The so-called California Foreclosure Prevention Act, or Senate Bill 2x 7, enacts [...]

Full post as published by The Truth About Mortgage.com on June 15, 2009 (boomark / email).

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