Per a press release from Governor Schwarzenegger's office, he signed several real estate and lending related bills today. Yay for California! A brief summary of some of them;
SB 1461; real estate licensees required to publish license info in certain advertising
SB 870; allows CalHFA to structure a refinance program
SB 1055; mortgage debt forgiveness similar to the federal legislation
SB 1675; provides the California Department of Veterans Affairs with the discretion to structure the terms and conditions of any authorized debt issuance
Good stuff...to see other state and federal legislation pertaining to the real estate industry, click here.
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A Realtor with Lyon Real Estate, she works with buyers & sellers in Arden, Carmichael, Land Park, East Sac, & the Greater Sac areas. Co-host of the Nick & Erin Radio Show on the Voice of Sacramento.
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Erin ... thanks for your article about our CA governor signing important legislation, re SB 1055; mortgage debt forgiveness similar to the FEDS. Best wishes. Harrison
Thanks for the links, Erin. Wow, did you see that as of July 1, we have to reprint our business cards? Man, I just ordered another 2,000 of them, and now I have to pay to redo them to include my license number. If you hand out a business card as a first point of contact, it will now need to have your license number on it. At least I have a very low number. :)