New State Law Delays Foreclosures an Extra 90 Days
If you read details of California’s recently approved state budget, you probably saw mention of a 90-day moratorium on foreclosures that was attached to the approved budget.
Already, though, there’s been a lot of confusion and uncertainty about what the new state Foreclosure Prevention Act really does and doesn’t do. It’s being hailed as everything from the state’s foreclosure prevention end-all to nothing more than nine pages of meaningless, toothless legalese.
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