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Banking

Aug. 24, 2010

Law Offers Some Relief to Homeowners

California appears poised to offer more litigation relief for homeowners who are nearing foreclosure.

By Jason W. Armstrong

Daily Journal Staff Writer

California appears poised to offer more litigation relief for homeowners who are nearing foreclosure.

The state Assembly Thursday approved SB 1178, D-Corbett, extending anti-deficiency protection for deeply underwater homeowners who have refinanced their original mortgage loans. Some lenders have been seeking deficiency judgments against foreclosing or short-selling homeowners w...

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