The California Foreclosure Prevention Act, signed by Gov. Schwarzenegger which established a 90 moratorium on foreclosures officially ends today. (An interesting side note is that on this seemingly important occasion, very little is written about it. As of this morning, the only article I could find referencing this occasion is the above article.)
Naturally, everyone wants to know whether the end of this moratorium will have an effect on foreclosure in the coming months. No on knows. But it will be interesting to see how the number will change, if at all.
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