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Governor Arnold Schwarzenegger

Governor Schwarzenegger Proposes Loan Modification Freeze

by Moe Bedard

California Gov. Arnold Schwarzenegger is imposing 90-day stays on foreclosures and encouraging lenders to modify existing home loans as a way of keeping people out of foreclosure, state officials said on Wednesday. The Governor will ask lawmakers to back legislation  on California home foreclosures as part of an economic stimulus package, state officials said on [...]

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California Senate Foreclosure Bill 1137 Q & A’s

by Moe Bedard

TEN REALITY QUESTIONS & ANSWERS ON CALIFORNIA SENATE BILL 1137
Ronald D. Roup, Esq.Legislative Chairperson UNITED TRUSTEES ASSOCIATION

Q1. – When does this bill take effect and become law?
A1.- SB 1137 passed the California Senate and Assembly as urgency legislation to take effectupon execution by Governor Schwarzenegger. The Governor signed the bill on July 8,2008 and the [...]

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Governor Schwarzenegger Signs Legislation to Help Protect Homeowners from Foreclosure

by Moe Bedard

Governor Arnold Schwarzenegger today signed SB 1137 by Senate President pro Tem Don Perata (D-Oakland) which requires lenders to contact homeowners and explore restructuring options before initiating the foreclosure process. It will also provide tenants with double the amount of time now afforded to them to move from a foreclosed property and prevent California’s neighborhoods [...]

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