Its Political Football Folks - CA Mortgage Debt Relief Bill (SB 30) to be Relinked to California Homes and Jobs Act (SB 391)

Its Political FootBall Folks - CA Mortgage Debt Relief Bill (SB 30) to be Relinked to California Homes and Jobs Act (SB 391)

And we thought that some sort of rational thinking had permeated the California Senate when we learned this morning that the California version of the Mortgage Debt Relief Bill (SB30)  had been delinked from the California Homes and Jobs Act (SB 391) a bill that imposes a $75 fee on all newly recorded documents earmarked to support affordable housing.  

Alas, rational thinking is nowhere to be seen in an apparent game of political football.

Apparently, SB30 will be re-amended tomorrow to re-link the two bills.

Well, it isn't game over yet.  We will continue to follow the progress of these two bills and call it as we see it.


State sees record number of homes go to foreclosure auctions, tracking firm says
CA Senate Sees the Light and Delinks Mortgage Debt Relief Bill (SB 30) from California Homes and Jobs Act (SB 391)
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