Results tagged “foreclosures”

"SB 1275 is nothing more than a litigation minefield... Proponents of this measure have admitted that their primary goal is to create an avenue for borrowers to sue when they are ineligible for a loan modification. Any violation, no matter how technical, would be enforceable by a lawsuit to stop foreclosure. This will only further frustrate and prolong existing foreclosure prevention efforts..."

Rodney K, Brown, president and CEO of the California Bankers Association, in a Sacramento Bee op-ed published April 21, 2010.