Rick Jacobs: How the Big Banks Lost and Homeowners Won in California

Rick Jacobs: How the Big Banks Lost and Homeowners Won in California
On July 2, the California Legislature passed a package of laws known as the Homeowner Bill of Rights (HBOR) which began to put homeowners on a more level playing field with banks. The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.