The California state legislature approved an “anti-blight” bill that is one of six pieces of California’s proposed Homeowner Bill of Rights. The existing provisions of Cal. Civ. Code § 2923.3, which imposes a $1,000 per day fine on property owners who fail to properly maintain foreclosed homes, are set to expire on January 1, 2013. The newly-enacted law extends the operation of the law indefinitely. Click here for the bill.
Alert May 15, 2012