ab 957

Governor Schwarzenegger Signs Mortgage Protection Legislation

October 19, 2009

Market Updates

PRESS RELEASE: 10/12/2009 GAAS:615:09 FOR IMMEDIATE RELEASE
(This is a reprint of a press release by the Office of the Governor – You can find the original press release here)

To help prevent California homeowners and homebuyers from being negatively impacted by the fraudulent mortgage practices that have arisen in the aftermath of the national foreclosure crisis, Governor Arnold [...]

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AB 957 – “The Buyers Choice Act” – Gives buyers more control over closing costs

June 24, 2009

Market Updates

State Assemblywoman Cathleen Galgiani is leading the charge on AB 957 which proposes to give buyers control of choosing a title and escrow company when buying a bank owned (foreclosed). By allowing the buyer to choose the title and escrow company, this empowers the buyer to negotiate their costs for these services.

We will keep an [...]