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San Francisco Foreclosures Protested By State Officials: Supervisor Avalos Calls For Moratorium

San Francisco Foreclosures Protested By State Officials: Supervisor Avalos Calls For Moratorium


HuffPO-

Supervisor John Avalos introduced a resolution on Tuesday calling for a moratorium on San Francisco home foreclosures until state and federal measures protecting homeowners from unlawful practices are in place.

He also urged officials to support the California Homeowners Bill of Rights, a collection of six bills that would protect borrowers from mortgage fraud proposed by California Attorney General Kamala Harris.

“We have already lost so much due to the unconscionable predatory lending practices and foreclosure fast-tracking of the banks and mortgage industry,” said Avalos in a statement. “We have to do everything in our power to stop any more foreclosure activities until such time that state and federal reforms are in place ”

[HUFFINGTON POST]

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