Homeowner rights
- Share via
Key parts of California’s foreclosure overhaul, signed by Gov. Jerry Brown and slated to go into effect Jan. 1, would:
* Restrict the lender practice of “dual tracking,” or pursuing a foreclosure even though the homeowner is negotiating to modify the mortgage loan.
* Outlaw “robo-signing,” or the improper or faulty processing of foreclosure documents by mortgage servicers, and would impose civil penalties.
* Allow homeowners and state agencies to sue financial institutions for economic and civil damages, under limited circumstances.
* Require banks and loan servicers to assign to each borrower a single representative who knows about the case and has access to decision-makers.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
