Senator DeSaulnier Comments on California’s Foreclosure Numbers

February 17, 2013 12:16 pm · 20 comments

“It is outstanding to hear that the number of foreclosures starting in our state has nosedived since the California Homeowner’s Bill of Rights has been enacted,” Senator Mark DeSaulnier (D-Concord) said.

According to RealtyTrac, the number of California homes that started on the path to foreclosure in January is down 75 percent from a year earlier.

“Our goal with the Homeowner’s Bill of Rights was to help families who are losing their homes through no fault of their own, and it is clear that our efforts are starting to pay off. These common-sense solutions are already helping working families in California keep their homes. One such solution requires lenders to provide a “single point of contact” for homeowners to work with as they seek a loan modification or alternatives to foreclosure. These reforms will ensure that working Californians have the ability to responsibly navigate the loan modification and foreclosure process,” Desaulnier said.

CatWoman February 17, 2013 at 12:22 PM


Mongoose February 17, 2013 at 12:31 PM

Actually I think it is because most of those who were going to lose their homes have lost them. Leave it to a Hack to take credit for things getting better after the disaster has hit.

Em Dubya February 17, 2013 at 12:49 PM

Don’t worry, the government gives you a crappy economy by spending money we don’t have. Now you too can spend money you don’t have. It will all work out somehow.

Julio-Antioch February 17, 2013 at 12:51 PM

Mongoose, have to agree with you. It is a cycle not anything to do with the bogus homeowners bill of rights.

anonmtz February 17, 2013 at 1:11 PM

….and, cue the haters…….

Anonymous February 17, 2013 at 1:18 PM

How did we survive without Mark? What a guy!

Boneguy1 February 17, 2013 at 1:55 PM

Loosing their homes through “no Fault of there own” – I agree the “fault” is certainly not the homeowners. IT IS the fault of the politicians and the pension stuffing SEIU, Calpers etc. and other UNION cronies that control the State government – Yes they loose their homes through no fault of their own BECAUSE THERE TAXES ARE TOO HIGH.

Why you ask, they are so high? So Mark DeSaulnier can make sure he and his cronies get their pensions and benefits and waste our monies giving us big AWWWWW studies, clueless honorariums and waste of money programs and useless Agencies (Air Quality Board comes to mind that steal our liberties that help nobody but make Mark feel good.

Of course we still have our fully staffed Fire Station in Clayton to protect those homes we can’t afford through no fault of own. Wait a minute no we don’t anymore – THANKS MARK

GD98 February 17, 2013 at 2:04 PM

#7 is very confused about what actually happened with the housing crises.

Elwood February 17, 2013 at 2:07 PM

Is there no end to this guy? Why does this blog publish his every vapid utterance?

When he terms out of the Senate will we finally be shed of him?

Come quickly o glorious day, come quickly!

Elwood February 17, 2013 at 2:09 PM

@ anonmtz #5

I don’t hate DeSaulnier any more than I hate a banana slug.

One is about as useful to me as the other.

Mr. Bassman February 17, 2013 at 2:15 PM

Mongoose, though it brings me no pleasure to say it, I have to agree that is exactly the case. Almost any random person in the mortgage industry would say the same thing, if truth be told. All one has to do is look at the time frames; when the bad loans were originally written, to when the loans readjusted which was usually around 5 years on so many of the interest only loans that people took as the only way they could possibly qualify in the first place. The first major batch of these loans started to default around 2006 / 2007.

We’re now 6 years down the line from the big real estate bust, so most who were going to eventually default when their mortgage payments went from $1200 per month to $4000 per month or more, have. That this politician, who is a member of the same party that started this mess “thank Billy Jeff,” is taking credit for the supposed improval of the situation, should tell more people all they need to know about him and a good many others like him…

anon February 17, 2013 at 2:51 PM

What a joke! This program was of no use whatsoever when we tried to negotiate saving our home. The best money we spent was on a real estate attorney who gave us the best advice- walk away! Never looked back.

Anonymous February 17, 2013 at 2:59 PM

People( make the voters) “Losing their homes through no fault of their own” are being helped. This means that it was all the fault of banks or real estate people . Certainly no one ever took out a loan they couldn’t afford. Right Mark?

Poitician rule #1 never blame voters for anything

CatWoman February 17, 2013 at 3:41 PM

So true, mongoose.

jefe February 17, 2013 at 5:23 PM

I love how politicians talk about “common sense” solutions for all problems. The most overlooked “common sense” solution to avoid foreclosure and losing your home is to pay your mortgage on time. It’s worked fine for me in the last 12 years I’ve been a homeowner and it’s not that hard to do.

Fred P. February 17, 2013 at 6:02 PM

Correlation does not equal causation…

The Real McCoy February 17, 2013 at 7:33 PM

I don’t understand why this is a good thing. If you CAN’T PAY THE BILLS you should NOT have bought a house in the first place! These people should have been thrown out onto the street to fend for themselves, not CODDLED by the nanny state! It’s what Christ and ALMIGHTY GOD would want!

Lorelei February 17, 2013 at 8:40 PM

Are any of you willing to admit that you voted for this douche? And if so, why?

Fred P. February 17, 2013 at 9:00 PM

Just like every other politician – looks to see which way the wind is blowing, then jumps in front of everyone to take credit for whatever happened. I guess his ongoing re-election tells a lot about who voted for him.

I wouldn’t trust those who voted for him any more than I would trust him.

@anonmtz#5 – So tell me…. what defines a “hater? Is that someone who disagrees with you? Guess what – I’ve got names for those who disagree with me……

… and your point is?

CatWoman February 17, 2013 at 10:57 PM

also true fred p. 🙁

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