Sen. Leno’s Foreclosure Prevention Bill Passes key Committee
The Senate Banking Committee Wednesday passed legislation that helps prevent unnecessary foreclosures when a primary mortgage holder passes away. Senate Bill 1150, authored by Senators Mark Leno and Cathleen Galgiani, closes a loophole in California law that fails to provide surviving spouses and children important protections against foreclosure that are available to other homeowners. “Instead of getting basic information on how to proceed with a home loan following the death of a loved one, surviving spouses and children face a labyrinth of paperwork and conflicting directions and requests, which only prolongs their grief,” said Senator Leno. “Many family members unnecessarily […]