Mortgage Relief to Prevent California Foreclosures
Posted November 6th, 2008 by adminIn an effort to slow the pace of home foreclosures and stabilize California’s shaky economy, Gov. Arnold Schwarzenegger yesterday unveiled a proposal to help borrowers modify troubled mortgages while making lenders more accountable. The centerpiece of the plan is a 90-day stay of foreclosure for owner-occupied homes that have a first mortgage in default. Schwarzenegger [...]
Tags: foreclosure, loan modification, mortgage lender
Filed under:California Foreclosure News

