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Friday, August 20th, 2010SB 1178, sponsored by C.A.R., the anti-deficiency bill designed to protect homeowners who refinanced for better interest rates passed out of the Senate and Assembly and is how headed to the Governor’s desk. The Governor now has 30 days to sign or veto this important bill.
Jim Wasserman posted a great piece in today’s Bee on the bill: http://www.sacbee.com/2010/08/20/2971114/home-front-california-bills-aim.html
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SB 1178 Headed to Governor4 comments to SB 1178 Headed to GovernorThe Fine Print: The following comments do not necessarily reflect the views or opinions of the Sacramento Association of REALTORS® |
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Please sign SB 1178 – This is truly needed…I run into so many families that took out a refinance rate and term loan and they deserve a chance to start over after trying to save the home they worked so hard for.
Estella,
Agreed! We want to see this signed into law. If you have not already done so, I would encourage you to email the Governor and express your support of SB 1178. You can do so at: http://takeaction.realtoractioncenter.com/campaign/sb1178.
Thanks,
Caylyn
To the Governor of the great State of California: I encourage you to sign this bill, No. SB1178, for the good of the property owners who have had to refinance to try to save their properties and would be penalized for doing so if this bill is not signed by our Governor. Thank you.
Arnold, I know you believe on doing the right thing. This will be the right of all rights for Californians and for the entire country for that matter…
As you know very well we ‘the-people’ had nothing to do with the dismantlement of the 1934 financial regulations (drop back on 1999), and we ‘the-people’ had nothing to do with the shuffling of investments and the abuse by those social-enemies that spent their days at the wall street casino playing with the mortgage loans of we ‘the-people’ while unnecessary inflating a housing market that has turned into the worse recession since 1929.
And if you do know believe me then listen to the prophetic words of no other than the Chairman of the Federal Reserve between 1934-1948 Marriner Eccles