skip to main content

Listen

Read

Watch

Schedules

Programs

Events

Give

Account

Donation Heart Ribbon

California’s Attorney General Pushes for Legislation to Help with Foreclosure Problems

Aired 2/29/12 on KPBS News.

California Attorney General Kamala Harris is pursuing legislation that would help homeowners in the middle of the mortgage and foreclosure crisis.

California Attorney General Kamala Harris is pursuing legislation that would help homeowners in the middle of the mortgage and foreclosure crisis. Along with Democratic leaders, she announced a package of six bills. Harris said one of the bills would deal with "dual track foreclosures." It would require creditors to prove they have the right to foreclose.

"We're going to require that they provide the homeowner with notice of the various stages of default, sale, so that they, the homeowner will have some understanding of what is happening with the roof over their head," explained Harris.

Another bill would allow the Attorney General to convene a special grand jury to investigate foreclosure crimes.

The California Bankers Association said it is "prepared to be part of the conversation." But it cautioned that a well-intentioned effort to help distressed borrowers may restrict credit access in the future.

Comments

Avatar for user 'ronniecosta'

ronniecosta | February 29, 2012 at 11:09 p.m. ― 2 years, 9 months ago


Homeowners with an FHA-insured loan may find a conventional mortgage refinance reduces their monthly housing expenditures, best one out there is 123 Refinance

( | suggest removal )