“We’re concerned about any legislation that protects the foreclosure process and will actually impeded new opportunities for new homebuyers and also California’s housing and economic recovery which affects all of us,” ~ California Bankers Association
Legislators delay vote on ‘Homeowner’s Bill of Rights’
Kenney was a victim of “dual tracking,” where banks go through a loan modification with you, but at the same time continue the foreclosure process in case the modification doesn’t work out.
That’s just one practice that Attorney General Kamala Harris is trying to quash in her Homeowners Bill of Rights package, a series of proposals aimed at giving consumers greater protection.
But at the last second, the Assembly Banking Committee pulled two bills scheduled for a hearing, usually an indication there aren’t enough votes; Harris vowed to keep pushing.