Monday, October 4th, 2010On Thursday, Governor Schwarzenegger vetoed SB 1178 (Corbett), C.A.R.’s sponsored bill that would have expanded anti-deficiency protections. In his veto message, the Governor made clear his view that the bill interferes with an existing contract. While disappointed in the Governor’s misinterpretation of the bill, C.A.R. is grateful to the almost 13,000 California REALTORS(R) who [...]
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SB 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 [...] |
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