Servicing

California foreclosure law is about to take effect

The fruits of a year of work by legislators are harvested by constituents beginning Tuesday with some 800 new laws kicking in as the New Year rings in.

Among the new laws that could have immediate impact on the Central Valley, epicenter of the nation’s foreclosure crisis, is the package of legislation that extends key mortgage and foreclosure protections to California homeowners and borrowers.

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3d rendering of a row of luxury townhouses along a street

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