The state Senate has voted to extend a law passed during the peak of the mortgage crisis that provides added protections for property owners, renters and neighbors of foreclosed properties.
The 2008 law says foreclosure proceedings cannot begin until the lender has tried for 30 days to work out alternatives with the delinquent homeowner.
Lenders must notify renters that they are beginning foreclosure proceedings and provide 60 days' notice before evicting them. They also are required to maintain vacant foreclosed houses or risk fines up to $1,000 a day.
The law was set to expire after this year. The Senate voted 32-1 on Monday to extend it another five years, through 2017.
SB708, by Democratic Sen. Ellen Corbett of San Leandro, now goes to the state Assembly.