The California Homeowner Bill Of Rights Officially Signed Into Law

 California Homeowner Bill of Rights  Signed into Law  Effective January 1, 2013


California Homeowner Bill of Rights
Signed into Law
Effective January 1, 2013

The California Homeowner Bill Becomes Law In 2013

Happy Monday and that goes especially for California homeowners. For those who didn’t hear the news — The California Homeowner Bill of Rights officially got signed into Law.

Sure it goes into effect on January 1st, 2013 but the law marks just another step forward for California homeowners against banks that use unfair tactics against homeowners who struggle with their mortgage payments and up falling into the foreclosure process.

Summary of Rights

The bill contains three main areas that will help homeowners:

1.)  Restriction of Dual – tracking.
Dual tracking is when a lender proceeds on taking two actions (in this case Foreclosure Process and Loan Modification Review) simultaneously against a borrower.

2.)  Single Point of Contact.
You (borrower) will now have a single point of contact (and not be tossed around like a hot potato) with your lender/servicer in regards to the Foreclosure Process or Loan Modification Process.

3.)    Access to courts to enforce your rights as a borrower.

For those who wish to view the entire press release regarding this new Bill of Rights for Homeowners then please click HERE to be directed to the State of California’s Department of Justice website.
California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

meowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

meowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

meowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

California Homeowner Bill of Rights Signed into Law Effective January 1, 2013

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6 Comments

Filed under Banks, California, Foreclosure, pre-foreclosure

6 responses to “The California Homeowner Bill Of Rights Officially Signed Into Law

  1. Pingback: Governor Signs Bill To Curb Blight | Resource Blog

  2. Pingback: Underwater and Distressed Homeowner Panel Event Tonight In San Mateo | Resource Blog

  3. Seeing this, many lenders have decided to help them.
    This isn’t like the credit card that you can pay on for the rest of the following tax year, these interests can and will overwhelm you in a very short period of time. If one has fulfilled the above requirements, it is feasible for borrowers to borrow quick cash from the lenders.

    • Gena,

      You are so correct. The late payment sand fees that bank tack on to mortgages can add up quickly (even with a loan modification)
      Let us know if you would like any other info.

  4. Pingback: California Homeowners Still Victims Of Dual Tracking And Up Front Loan Mod Fees | Resource Blog

  5. Pingback: Upcoming 2013 San Francisco Housing EXPO | Resource Blog

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