The California Homeowner Bill of Rights (HBOR) was enacted in 2012 to protect homeowners from unfair and deceptive practices by mortgage servicers, ensuring they are treated fairly and their rights respected throughout the foreclosure process.
The HBOR provides a number of protections, such as the right to be informed of all foreclosure options, the right to receive a single point of contact from the mortgage servicer, and the right to receive a written notice before a foreclosure sale.
Mortgage servicers must also provide homeowners with a single point of contact knowledgeable about the foreclosure process, a written notice at least 30 days before a foreclosure sale with information about the foreclosure process, the homeowner’s rights, and contact information for the mortgage servicer and a list of housing counseling agencies, and a written notice of any changes to the terms of their loan.
The HBOR also prohibits dual tracking, charging fees not authorized by the loan documents, and initiating foreclosure proceedings without attempting to contact the homeowner.
It also requires mortgage servicers to provide homeowners with a written notice of their right to request a loan modification. This notice must include information about the loan modification process, the homeowner’s rights, and the options available to the homeowner.
The HBOR is an important piece of legislation that provides homeowners with important protections and ensures they are treated fairly throughout the foreclosure process.
Our California Foreclosure Defense Lawyers are eager to help you get back on track towards financial recovery. We understand the stress you are under and are committed to helping you find relief. Call us today to get started.