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Management Company
Guardian Asset Management is your one source
for property management, inspection and repair
services. We believe in providing consistent, high
quality services at an affordable price.
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REGISTRATION & UTILITY PROCESSING
2021 HARTEL STREET, LEVITTOWN, PA 19057
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CALIFORNIA
TO MORTGAGE
SERVICERS:
REMEMBER DUTY
TO STRUGGLING
HOMEOWNERS
California Attorney General Xavier Becerra
sent a letter to 33 mortgage servicing entities
warning them that his office is monitoring their
activities in regard to the state's Homeowner
Bill of Rights. He warned he will not hesitate
to enact investigative and enforcement actions if
they fail to "commit adequate resources to meet
their legal obligations during and in the wake of
the coronavirus crisis."
While Becerra's letter offered no evidence
that mortgage servicers were exploiting
homeowners undergoing financial difficulties
as a result of the pandemic, he nonetheless
requested that the servicers provide information
by August 31 for a designated contact person
that would detail how they are handling
coronavirus-related matters.
Becerra's letter offered an overview of
the California Homeowner Bill of Rights in
regard to dealing with the pre-foreclosure and
foreclosure processes and how servicers must
provide homeowners "a meaningful opportunity
to avoid losing their home." e letter also
reminded servicers that state law provides
protections to tenants in homes that are sold in
foreclosure, including offering at least 90 days
advance written ahead of any eviction.
"As the dual economic and public health
crises continue, many California homeowners
may fall behind on their mortgage payments,"
said Becerra in a press statement. "During
times like these we must rely on laws, such as
the California Homeowner Bill of Rights, to
provide a safeguard for families who are one
payment away from losing their homes. We take
the rights of homeowners very seriously and
expect all mortgage servicers to comply with
the law."
Becerra's press statement also listed his
activities on behalf of homeowners and
residents since the pandemic began, including
is role in a coalition of 35 attorneys general that
sent letters to U.S. Department of Housing and
Urban Development Secretary Ben Carson
and Federal Housing Finance Agency director
Mark Calabria seeking additional protections
for homeowners who were financially impacted
by the pandemic.
