West Sacramento Homeowner Uses New State Law to Stop Foreclosure

May 23, 2013
Sacramento Bee 
mortgage lending news

California's Homeowner Bill of Rights, in effect since Jan. 1, is already helping borrowers in the state fend off foreclosure. The package of laws offers consumers more legal recourse in a system that historically has sided with lenders. Under it, house painter Kevin Singh this month was granted a federal court order to halt a foreclosure action initiated by Bank of America, which had pursued a foreclosure against him even as he was negotiating for a mortgage workout. Singh's court order was the first to use the bill of rights as the basis to stop a home seizure, but several other similar cases now are moving through the California court system. Observers say the trend represents a sea change. "There's recognition in the courts and recognition in the bar that we're actually going to enforce and uphold [laws that protect homeowners]," said Michael Troncoso, chief counsel to state Attorney General Kamala Harris, who lobbied for the Homeowner Bill of Rights.
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