California Homeowner Bill of Rights takes effect Jan. 1
It’s no secret that California has been hard hit by the housing crisis. More than 1 million homes in the state were lost to foreclosure between 2008 and 2011, and some 700,000 more are currently in the foreclosure pipeline, according to state officials.
Since so many foreclosures were unfairly handled, Calif. Gov. Jerry Brown and Attorney General Kamala Harris have responded with the California Homeowner Bill of Rights, a new set of reforms for how the state will handle foreclosures moving forward.
