Array of Real Estate Bills Pending in California Legislature Affecting Foreclosure

While UTA’s California Lobbyist Mike Belote, informs the membership that California “is days away from the effective date of SBx2 7, which imposes a 90-day delay on residential foreclosures, unless the lender has submitted a comprehensive loan modification program to the appropriate state regulator. Regulations are now available, and UTA has submitted comments on them” he tells us what might be coming next and summarizes the “breathtaking array of real-estate related bills pending in the California Legislature, with very real consequences for how people buy, sell, borrow and foreclose.”

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