“-Require creditors to provide documentary evidence of ownership, the chain of title to real property, and the right to foreclose, at the time of the filing of a notice of default.”
SACRAMENTO – Attorney General Kamala D. Harris today announced the California Homeowner Bill of Rights designed 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.
Joined by Senate President pro Tem Darrell Steinberg and Assembly Speaker John A. Pérez, Attorney General Harris announced her sponsorship of six bills designed to guarantee:
– Basic standards of fairness in the mortgage process, including an end to dual-track foreclosures
– Transparency in the mortgage process, including a single point of contact for homeowners
– Community tools to prevent blight after banks foreclose upon homes
– Tenant protections after foreclosures
– Enhanced law enforcement to defend homeowner rights – paid for by fees imposed on banks
– A special grand jury to investigate financial and foreclosure crime
“California communities and families are being devastated by the mortgage and foreclosure crisis. We must ensure the deceptive practices that caused it never happen again,” said Attorney General Harris. “The California Homeowner Bill of Rights will provide basic fairness and transparency for homeowners, and improve the mortgage process for everyone.”
The legislation builds on the California commitment announced by Attorney General Harris earlier this month, which is expected to result in $18 billion of benefits for California homeowners. That agreement included reforms for mortgages owned by the five banks that were signing parties. The California Homeowner Bill of Rights will strengthen those protections, make them permanent, and apply them to all mortgages in the state.
“When I secured the California commitment, I made clear it was only one of many steps I am taking to comprehensively address the mortgage and foreclosure crisis,” Attorney General Harris continued. “I want to thank Senate President pro Tem Steinberg, Assembly Speaker Pérez and all the other lawmakers who are supporting this urgent package of legislation for homeowners.”
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
What about the homeowners who were already de-frauded by the atrocious foreclosure methods these banks have already used? 2 freaking thousand dollars! I never thought I would be saying that I despise the foundation of this country! But when you violate the most fundamental Constitutional Rights that this country is built on, it makes me wish I was never borne!
Perfect. It mirrors Nevada’s foreclosure statatue enacted effective October 1, 2011. If Nevada is a marker, the bill of rights will suddenly reduce California foreclosures by some 80 per cent. What does that tell you?