You are currently browsing the Yuba-Sutter Grapevine weblog archives for the day 2. September 2010.
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- 8. May 2012: Real Estate Activity for Yuba-Sutter
- 1. May 2012: Yuba-Sutter Real Estate Activity Report
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- 9. April 2012: Happy Easter
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- 17. March 2012: Happy & Safe St. Patrick's Day
- 24. February 2012: Election Year: Help for the Ecconomy?
Archive for 2. September 2010
California Assembly Rejects Foreclosure/Modification Bill
2. September 2010 by Michael McFarlane.
SB1275, a bill that would have required banks to hold off on foreclosure proceedings while they were negotiating loan modifications with a home owner was rejected this week by the Assembly. This bill would have also required the banks to actually look at a loan modification before they could foreclose. Needless to say, the banks have fought hard against this bill.
There are arguments for and against this bill. Was it the cure-all? Of course not. Would it have helped? Many think so. So what do we do now? I will try to keep you posted here. Remember to write (or email or phone) your representatives. This is the biggest single thing we can each do! To read the full article published today by the San Francisco Chronicle click HERE.
To receive a free list of foreclosed homes in the Yuba Sutter area email us, or call 530 315-2808. To see all homes currently for sale in the area visit Yuba Sutter Homes and Loans. To read about local real estate news plus tips and techniques to maintain your home subscribe to our FREE monthly news letter Yuba-Sutter Real Estate. You can also visit the discussions & news tab at Yuba Sutter Home Buys.
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