AM Alert: Jerry Brown to sign foreclosure legislation
AM Alert: Jerry Brown to sign foreclosure legislation
The Sacramento Bee, July 11, 2012
Gov. Jerry Brown heads to Los Angeles to sign the homeowner-rights mortgage legislation that lawmakers approved last week before going on summer recess.
What Happens At and After a Foreclosure Auction?
By Daren Blomquist, RealtyTrac Vice President, July 11, 2012
The foreclosure process is governed by state law, and all states require some form of foreclosure auction during the process. All states require a public advertisement or publication of the foreclosure auction prior to the actual auction event. This publication period is typically from one to three months, and the real estate auction itself is conducted in a public place, most often at or near the courthouse in the county where the property is located. Presumably such a publicly advertised and conducted auction prevents lenders from unilaterally repossessing a property securing a delinquent loan.
Hi, I’m Eminent Domain, and I’m Here to Help?
By Octavio Nuiry, Staff Writer, July 10, 2012
Twenty four years ago, President Ronald Reagan said that the 10 most terrifying words in the English language are: “Hi, I’m from the government and I’m here to help.”