Homeowner Bill of Rights

FROM THE REAL ESTATE TRENCHES: REAL ESTATE RECOVERY SIGNS AND MORE LOCAL REAL ESTATE NEWS

By Charlotte Reed, REALTOR SRES CRS

October 11, 2012 (San Diego’s East County)—This column includes some hopeful signs of a real estate recover, a warning about a loan scam, a new real estate laws taking effect in January 2013, and an update on a revised Homeowner Bill of Rights.

HOMEOWNER BILL OF RIGHTS HEADS TO GOVERNOR'S DESK

Updated July 5, 2012 with roll-call votes for San Diego legislators

July 2, 2012 (Sacramento) – “Sometimes David beats Goliath...Just a few minutes ago, the Homeowner Bill of Rights was passed by the California State Legislature," the Alilance of Californians for Community Empowerment (ACCE) annouced. "This means that Wall Street Banks are on notice: California will no longer tolerate the unfair and abusive foreclosure practices of the big banks." 

The legislation sought by California Attorney General Kamala Harris is now on Governor Jerry Brown’s desk awaiting signature. Hailed as a victory for homeowners, the landmark legislation passed despite the banking industry spending $70,000 a day on lobbying efforts to defeat the bills.

ATTORNEY GENERAL KAMALA HARRIS AND LEGISLATIVE LEADERS UNVEIL CALIFORNIA “HOMEOWNER BILL OF RIGHTS” PACKAGE OF BILS

 

March 11, 2012 (Sacramento) - Attorney General Kamala D. Harris, Senate President Pro Tem Darrell Steinberg and Assembly Speaker John A. Perez have announced their sponsorship of six bills known collectively as the California Homeowner Bill of Rights.

The bills aim to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state's urgent mortgage and foreclosure crisis.  The bill could bring relief to homeowners statewide include San Diego County, where one in 27 homeowners has faced foreclosure.

The measures, if enacted, would guarantee: