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Loan Modification

: Loan Modification & Home Loan News

Proposal targets refinancing loophole in California foreclosures law

By Moe Bedard

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Borrowers who lose their homes to foreclosure after refinancing would have the same kind of long-standing financial protection from lenders that applies to foreclosed borrowers who did not refinance under pending state legislation. Senate Bill 1178, sponsored by state Senator Ellen Corbett, D-San Leandro, would extend provisions of a California law first enacted in the [...]

Full post as published by Loan Modification & Home Loan News on July 09, 2010 (boomark / email).

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