California Homeowner Bill of Right

At Mattia Law, we understand the importance of protecting the rights of homeowners in California. The California Homeowner Bill of Rights (HBOR) was created to provide homeowners with important protections against unfair lending and foreclosure practices. In this article, we will discuss the key provisions of the HBOR and how it can help homeowners in California.

Understanding the California Homeowner Bill of Rights

The California Homeowner Bill of Rights was passed in 2012 to protect homeowners from abusive lending and foreclosure practices. The bill includes several important provisions that help homeowners in California, including:

Dual-Tracking Prohibition

One of the most important provisions of the HBOR is the prohibition on dual-tracking. Dual-tracking occurs when a lender continues to pursue foreclosure proceedings while also considering a homeowner’s request for a loan modification. Under the HBOR, lenders are prohibited from dual-tracking, which means that they cannot pursue foreclosure proceedings while also considering a homeowner’s request for a loan modification.

Single Point of Contact

The HBOR also requires lenders to provide homeowners with a single point of contact throughout the loan modification process. This means that homeowners will have a dedicated person to communicate with regarding their loan modification request, rather than having to deal with multiple representatives from the lender.

30-Day Notice of Foreclosure

Under the HBOR, lenders are required to provide homeowners with a 30-day notice of foreclosure before beginning the foreclosure process. This gives homeowners an opportunity to seek legal assistance and explore their options before losing their home.

Fair and Transparent Loan Modification Process

The HBOR also requires lenders to provide homeowners with a fair and transparent loan modification process. This includes providing homeowners with clear and understandable information about the loan modification process and their options, as well as ensuring that all loan modification requests are reviewed in a timely manner.

How the California Homeowner Bill of Rights Can Help You

If you are a homeowner in California who is struggling to make mortgage payments, the California Homeowner Bill of Rights can provide important protections against unfair lending and foreclosure practices. By working with a qualified attorney, you can use the HBOR to your advantage and potentially save your home.

At Mattia Law, we are committed to helping homeowners in California understand their rights under the HBOR and other important laws. Contact us today to schedule a consultation with one of our experienced attorneys and learn more about how we can help you protect your home.

The California Homeowner Bill of Rights provides important protections for homeowners in California who are struggling to make mortgage payments. By understanding your rights under the HBOR and working with a qualified attorney, you can potentially save your home and avoid unfair lending and foreclosure practices. Contact Mattia Law today to learn more about how we can help you protect your rights as a homeowner in California.

Alternatives to Foreclosure

If you are struggling to make your mortgage payments, there are several alternatives to foreclosure that may be available to you. Some of these options include:

Loan Modification

A loan modification is a change to the terms of your mortgage that can help make your payments more affordable. This may include lowering your interest rate, extending the term of your loan, or changing the type of loan you have.

Short Sale

A short sale is when you sell your home for less than the balance owed on your mortgage. This can be a good option if you owe more on your home than it is currently worth.

Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is when you transfer ownership of your home to your lender in exchange for them canceling your mortgage. This can be a good option if you are unable to sell your home through a short sale.

Working with an Attorney

If you are considering alternatives to foreclosure or need assistance with a loan modification, it may be helpful to work with an experienced attorney. An attorney can help you understand your rights and options under the California Homeowner Bill of Rights and other relevant laws.

At Mattia Law, we have a team of experienced attorneys who can assist you with a wide range of legal matters related to homeownership in California. Contact us today to schedule a consultation and learn more about how we can help you protect your home and your rights as a homeowner.

California Homeowner Bill of Right