State Senate votes to extend mortgage protections

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.

CongressnewsPoliticsUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Deputy public defender Chris Garcia outside the Hall of Justice on Wednesday, June 16, 2021. (Kevin N. Hume/The Examiner)
As pandemic wanes, SF public defender hopes clients will get ‘their day in court’

Like other attorneys in San Francisco, Deputy Public Defender Chris Garcia has… Continue reading

Hyphen hosts a group show at Space Gallery in San Francisco in 2010. (Photo courtesy of Albert Law/Pork Belly Studio)
What’s in a name? Asian American magazine fights to keep its identity

An investor-backed media group laid claim to the moniker of SF’s long-running Hyphen magazine, sparking a conversation about writing over community history

A warning notice sits under the windshield wiper of a recreational vehicle belonging to a homeless man named David as it sits parked on De Wolf Street near Alemany Boulevard on Friday, Aug. 31, 2018. A proposed SF Municipal Transportation Agency law would make it illegal for overnight parking on the side street for vehicles taller than seven feet or longer than 22 feet. (Kevin N. Hume/S.F. Examiner)
Fight over ‘poverty tows’ heats up

‘What can we do to ensure the vehicle stays in the hands of the owner?’

Crab fisherman Skip Ward of Marysville casts his crab net out off a pier near Fort Point. (Craig Lee/Special to The	Examiner)
San Francisco came back to life, and we captured it all

Last spring, in the early days of the pandemic, the bestselling authors… Continue reading

Revelers at Madrone Art Bar in the early hours of June 15, 2021 (Courtesy Power Quevedo).
No social distancing at Motown-themed dance party

‘I don’t care how anyone feels, I just want to dance!’

Most Read