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Archive Home > 2009 > June > 15 > California to be first state with foreclosure moratorium law

California to be first state with foreclosure moratorium law

By Jim Wasserman / The Bulletin
June 15, 2009

SACRAMENTO, Calif. — After a severe economic storm of more than 365,000 California foreclosures since early 2007, the state’s long-awaited 90-day foreclosure moratorium law goes into effect today.

But it doesn’t mean foreclosures will stop.

Supporters acknowledge....

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