California loss-mitigation bill creates more problems than it solves

California continues its effort to pass a law that would require loan servicers to work with successor’s to borrowers on loss mitigation options. Unfortunately, SB 1150, while well intended, has the potential to create more problems than it solves. Here are just some of the unclear and dangerous provisions of bill. http://www.housingwire.com/blogs/1-rewired/post/36919-california-loss-mitigation-bill-creates-more-problems-than-it-solves ❤️ #share #mortgage