California Foreclosure Prevention Act…

This is important information for California homeowners that may be in danger of losing their home to foreclosure. A 90-day foreclosure moratorium is under way. The law, which went into effect June 15, is designed to get lenders to try harder to keep borrowers in their homes.

California is ground zero in sheer foreclosure numbers up to 90,000 combined default notices, scheduled auctions and bank repossessions are filed every month, more than any other state. The number represents nearly one in three foreclosure filings nationwide. Read more