Originally Posted: Friday, April 30, 2010
Foreclosures Remain Top Agenda Item
This week Assembly Judiciary passed AB 2347 (Feuer), to give public agencies that provided financing for a multifamily affordable development the ability to delay for 60 days a foreclosure sale, when a private lender holding a first trust deed forecloses. The bill passed despite concerns from banks and opposition from the title companies. It must clear Assembly Banking next week.