Homeowners in California have been dancing on the edge of foreclosure, but now help is in sight. Attorney General Kamala D. Harris has recently announced a $1 million California Homeowner Bill of Rights (HBOR) grant to be implemented into The National Housing Law Project. This bill is a set of laws that will extend key mortgage and foreclosure protections to California homeowners and borrowers.
“Californians were hit hard by the mortgage crisis and many people are still struggling to stay in their homes,” Attorney General Harris said. “The California Homeowner Bill of Rights gives borrowers more opportunities to stay in their homes, and this grant will help make sure the law is applied across the state and that everyone gets the protection they are entitled to.”
The laws took effect at the start of 2013 and will restrict dual-track foreclosures, guarantee struggling homeowners a reliable point of contact at their lender, impose civil penalties on fraudulently signed mortgage documents, and require loan servicers to document their right to foreclose.
The goal of this grant is to maximize consumer benefits from the HBOR and minimize abuses of the law by training consumer and housing attorneys in both private and non-profit firms.
The grant will be implemented by the National Housing Law Project and its partners, the "Western Center on Law and Poverty", and the "National Consumer Law Center" and "Tenants Together." They will be using the grant to provide training to more than 800 lawyers on how to maximize the HBOR's protections. They will be reporting the HBOR's statewide impact as time progresses.
Monday, April 1, 2013
California Homeowner Bill of Rights
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