CA Bill Would Ban Foreclosures During Mod Process

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MORTGAGE EXPERT
6 · 02 · 10

A bill making its way through California’s legislature would prohibit foreclosures while borrowers attempt to obtain a loan modification. But opposition to the bill is focused on unnecessary redundancy and how the prospective law would make a complex process even more difficult. Lenders that fail to meet the new requirements could face big legal liabilities.

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Mortgage Daily Staff

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