First-in-the-nation legislative package will make foreclosure process fairer, hold banks accountable

WASHINGTON, D.C. – July 3, 2012 – (RealEstateRama) — Both houses of the California Legislature today approved the Foreclosure Reduction Act, a bill designed to reduce unnecessary foreclosures in the state. The bill is the centerpiece legislation of Attorney General Kamala Harris’ Homeowner Bill of Rights.