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Odd California Foreclosure Bill Fails

By Attorney/Best-Selling Author William Bronchick
January 31, 2008
A bill that would have fined lenders $1,000 a day for having an ugly REO failed in the California legislature.  A growing problem of vacant, ugly, lender-owned properties has been blighting neighborhoods.  While I do agree that banks have a responsibility to keep up their REO homes, I don't think a statewide rule is the answer.  Local municipalities have code enforcement rules about keeping up properties and should be the ones dealing with the problem.

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William Bronchick, ESQ.

Nationally-Known Attorney, Author, and Speaker

Attorney William ("Bill") Bronchick, the host of Legalwiz.com, has authored six best-selling books and is sought nationwide for his 30+ years of real estate and legal knowledge. He has been interviewed by numerous media outlets, such as CNBC, TIME Magazine, USA Today, Investor Business Daily, Forbes, and the LA Times, to name a few. William Bronchick is the co-founder and past President of the Colorado Association of Real Estate Investors and the President of the Colorado Landlords Association. Click on the "About" link above for more information on William Bronchick.

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