The California Association of Realtors has recently achieved a compromise in State Assembly Bill 957 (AB 957), working with the author of the bill, Democrat Assemblymember Cathleen Galgiani, to protect buyers rights when dealing with lenders selling foreclosed properties. The new language in the bill will protect buyers in the selection of escrow and title services, allowing them to negotiate with the sellers of REO properties, instead of allowing them to direct the service providers as they are accustomed to doing. Now they will have to pay for the privilege...
A press release on the bill from Assemblymember Galgiani's office can be found HERE.
One more example of how the California Association of Realtors is looking out for YOUR rights...
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