Government
Aug. 24, 2012
Homeowner's Bill of Rights opens door to frivolous lawsuits
While the HBOR has some useful and reasonable provisions, it is likely to result in delayed foreclosures without obtaining the desired loan modifications. By Mark S. Blackman of Alpert, Barr & Grant
On July 11, the state Legislature adopted and Gov. Jerry Brown signed the California Homeowner's Bill of Rights (HBOR) (Senate Bill 900/Assembly Bill 278) as an extension and follow up to 2008's California Senate Bill 1137, which was set to expire on Dec. 31. The HBOR becomes effective on Jan. 1, 2013, and will expire on Jan. 1, 2018, unless extended or amended.
Under SB 1137, before a Notice of Default could be recorded, le...
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