News & Media

California Legislature Approves Groundbreaking Bills to Protect Homeowners from Unfair and Unwarranted Foreclosures

Economic Security

PICO California

July 1, 2012

FOR IMMEDIATE RELEASE

July 2, 2012

 

Contacts: Rosa Aqeel, 916/397-5400,rosa@picocalifornia.org, Roberta Furger,  916/396-9988,roberta@picocalifornia.org

 

California Legislature Approves Groundbreaking Bills to Protect Homeowners from Unfair and Unwarranted Foreclosures

Faith leaders applaud Legislature and urge Governor Brown to sign Homeowner’s Bill of Rights

PICO California issued the following press statement today:

Sacramento, CA – This afternoon, the California State Legislature took a courageous step to protect homeowners from unfair foreclosures by passing SB 900 and AB 278, key bills in the Homeowner’s Bill of Rights package. The bills would restrict dual tracking, require proper and accurate foreclosure documentation, create an accountable point of contact, and provide borrowers with the right to sue the banks when they violate the law.

Faith leaders from PICO California applaud legislators for taking this critical step forward and pledge to continue organizing to ensure these common-sense bills are signed by the governor and become law in California.

“Today’s vote is a blessing for hundreds of thousands of California families and homeowners who are caught up in an unjust foreclosure process that threatens to rob them of their financial security,” said the Rev. Gloria del Castillo, vicar at Good Samaritan Episcopal Church and Saint John the Evangelist in San Francisco and a clergy leader in PICO California.

Del Castillo is fighting to keep her home, which has also served as a community center for Good Samaritan, which has supported the San Francisco immigrant community for more than 100 years. Del Castillo joined with other PICO clergy in Sacramento to bear witness to the historic vote.

PICO commends the legislature and Attorney General Kamala Harris for their leadership and urges Governor Brown to sign SB 900 and AB 278.

 

Borrowers who have lost their homes and those who will benefit directly from SB 900 and AB 278, as well as clergy leaders, are available for media interviews.

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PICO California is a statewide, faith-based organizing effort uniting more than 480 member congregations and 450,000 families of diverse economic, racial, ethnic, and religious backgrounds in more than 70 cities throughout the state. We work to engage grassroots volunteers in our member congregations in efforts to improve policies affecting low-income and working families around the state. PICO California is a member of the PICO National Network.

 

PICO National Network is the largest grassroots, faith-based organizing network in the United States. PICO works with 1,000 religious congregations in more than 200 cities and towns through its 60 local and state federations. PICO and its federations are non-partisan and do not endorse or support candidates for office. PICO urges people of faith to consult their faith traditions for guidance on specific policies and legislation. Learn more at www.piconetwork.org.