Arnold Schwarzenegger

Schwarzenegger Signs Mortgage Law Protect CA Homeowners & Homebuyers

Governor Arnold Schwarzenegger announced today he has signed legislation to protect homeowners and homebuyers in California and help establish a safe, more accountable lending environment. The legislation aims to increase accountability in the real estate market, improve transparency standards in order to prevent abusive lending practices and help Californians maintain homeownership in the aftermath of

California Homeowner Protection Laws Signed Today

California governor Arnold Schwarzenegger signed a bill into law today that requires lenders to contact owners 30 days before issuing a notice of default, authorizes local governments to charge lenders up to $1000 per day for not maintaining foreclosed homes, and gives foreclosed owners 60 days to move out of their foreclosed properties. According to