| Re: California Senate Bill 1137 I'm in California, and I just googled this law. Very interesting, and I had not heard of it until you posted about it.
I wonder how many of the mortgage companies know about this law? and are they abiding by it?
I don't know why it hasn't gotten more coverage. It could keep some Californians in their homes a bit longer who are very close to foreclosure, and possibly give them 90 more days to make a last ditch effort to save their home.
Thanks for the info! If we end up not getting a mod from IndyMac and they decide to disregard this law, at least I now have a bit more fighting power! |