GUEST EDITORIAL
In addition to the changes AB 3088 placed on lenders as of September 1, 2020, we will now have to become familiar with a new process for trustee sales conducted on residential 1-4 properties after January 1, 2021. The goal of our legislature was to prevent large companies from buying numerous homes in neighborhoods and turning them into rentals. The Bill is their attempt to encourage home ownership, but sadly creates more issues than solutions.
SB 1079 Affects 2021 Trustee Sales and Increases Penalties for Vacant Properties – Foreclosure – Credit Union Collections
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