California governor Jerry Brown signed a law last week protecting homeowners from outstanding loan balance collection following a short sale. Senate bill 458 requires that all lenders holding liens on the property agree to accept the short sale price as payment in full in order for the transaction to proceed[1]. California already has a mandate [...]

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As the number of bank, government and tax lien foreclosures continues to rise in Virginia, legislators are setting their sights on the processes used by lenders in foreclosing on these properties. A number of homeowners has reported that lenders have foreclosed on their properties without proper documentation or after making them wait for a modification [...]

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