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Homeowner Bill of Rights signed into law

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California Homeowner Bill of Rights Signed into Law (Los angeles) maribel mansfield. 4 years ago | 0 view. California Homeowner Bill of Rights Signed into Law (Los angeles) report. browse more videos. Playing next. 0:44. California Fracking Bill Signed Into Law By Governor Jerry Brown.

California’s Homeowner Bill of Rights was signed into law in 2012 at the tail-end of the Great Recession and foreclosure crisis that forced many residents out of their homes, some unfairly and unlawfully.

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This is why Governor Jerry Brown signed the Homeowner Bill of Rights into law in California. The aim of SB900 is to make the non-judicial foreclosure process both fairer and more transparent. The effect of the law is to give protection to homeowners who are facing foreclosure as well as to reform several aspects of the entire process.

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 · California’s Homeowner Bill of Rights was signed into law in 2012 at the tail-end of the Great Recession and foreclosure crisis that forced many residents out of their homes.

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 · LOS ANGELES – Attorney General Kamala D. Harris announced that the Homeowner Bill of Rights, which will protect homeowners and borrowers during the mortgage and foreclosure process, was signed into law today by Governor Edmund G. Brown Jr.

In many cases, lenders and loan servicers did not provide homeowners with a significant opportunity to obtain loss mitigation options to avoid foreclosure, and also engaged in extensive mortgage servicing misconduct. To address this issue, Governor Jerry Brown signed the California Homeowner Bill of Rights into law on July 11, 2012.

The Homeowner’s Bill of Rights was passed and signed into law in 2012 to stop what Gov. Brown described then as the "abusive tactics” of loan servicers "who would push foreclosure behind the back of an unsuspecting homeowner.” From 2008 to 2011, foreclosures had cost one million Californians their homes.

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