[Download] "Mabry V. Superior Court Of Orange County" by In the Court of Appeal of the State of California Fourth Appellate District Division Three # eBook PDF Kindle ePub Free

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eBook details

• Title: Mabry V. Superior Court Of Orange County
• Author : In the Court of Appeal of the State of California Fourth Appellate District Division Three
• Release Date : January 02, 2010
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 99 KB

Description

Civil Code section 2923.5 requires, before a notice of default may be filed, that a lender contact the borrower in person or by phone to "assess" the borrower's financial situation and "explore" options to prevent foreclosure. Here is the exact, operative language from the statute: "(2) A mortgagee, beneficiary, or authorized agent shall contact the borrower in person or by telephone in order to assess the borrower's financial situation and explore options for the borrower to avoid foreclosure."*fn1 There is nothing in section 2923.5 that requires the lender to rewrite or modify the loan.

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