Homeowner Bill of Rights

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Homeowner Bill of Rights: On Wednesday, July 18 Governor Brown signed the California Homeowner Bill of Rights. The legislation is intended to protect homeowners who are trying to modify their mortgages.

C.A.R. has identified four major provisions:

    1. Prohibiting Dual-Tracking: Loan servicers will not be allowed to initiate a foreclosure on a property which is also in the middle of a short-sale process.Single
    2. Point of Contact: Servicers will be required to provide a single point contact to homeowners who are seeking to modify their mortgage.
    3. Expanded Notice Requirements: Servicers will need to provide borrowers more advance notice before they take action on a loan modification application or if they are seeking a foreclosure.
    4. Legal Recourse: Loan servicers could be subject to injunctions and civil penalties if they file inaccurate mortgage documents or commit other violations.

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Since 1970 Rinetti & Co. Realtors has been selling residential real estate throughout the greater East Bay including San Leandro and Pleasanton. We are boutique real estate company with a single focus, exceptional customer service from start to finish. Rinetti & Co. has the experience and practical knowledge to adapt to changing market conditions while providing our clients expert advise when buying or selling a home. If you’re considering making a move please contact us and see the difference Rinetti & Co. Realtors can make for you.

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San Leandro Office
1103 MacArthur Boulevard
San Leandro, CA 94577

(510) 568-6171

Pleasanton Office
231 Old Bernal Avenue, Suite 5B
Pleasanton, CA 94566
(925) 364-5013

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