C.A.R. sponsors bill to help underwater homeowners get much-needed financial relief

LOS ANGELES, CA – January 08, 2012 – (RealEstateRama) — In an effort to conform state law to a federal law passed last week that extended mortgage debt forgiveness, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is sponsoring Senate Bill 30, so that California homeowners on the brink of foreclosure can get much-needed debt relief.