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The Los Angeles City Council passed one of the country's toughest ordinances on Thursday which is designed to penalize banks that foreclose on homes and then allow properties to become blights on local neighborhoods. Under the new ordinance, if a foreclosed home falls into disrepair, a bank can be fined up to $100,000.
According to reports from KABC-TV 7, Los Angeles County has approximately 100,000 homes in some state of foreclosure. Once banks seize homes, though, they often fall into disrepair and can become part of the "broken windows" theory of crime, attracting vandalism, challenging public low cost airline tickets safety, and dragging down the value of other homes in the neighborhood.
L.A. City Council President Eric Garcetti was a sponsor of the ordinance that is aimed at keeping banks from neglecting low cost airline tickets foreclosed homes. The ordinance creates a central registry of foreclosed homes and require banks to give the city the name of a local contact person. Failure to comply with maintenance regulations could result in fines of $1,000 a day, up to $100,000. In addition to establishing a registry of foreclosed homes, the ordinance would also force banks to provide a list of homes in pre-foreclosure status. "The best thing that would happen is that the banks would really work to renegotiate these loans and mortgages with the homeowners. That's what we really need. That would be the best corporate citizenship that they could provide during this tough economic time," said L.A. City Councilwoman Janice Hahn. Encouraging banks to try and renegotiate mortgages and to communicate with homeowners is welcome news in light of the substantial increase of wrongful foreclosure lockouts and trashouts happening across low cost airline tickets the country. Victims of wrongful foreclosure lockouts and seizures low cost airline tickets have rights . Phillips Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lockout or trash-out of a borrower's home. Although we are licensed in Massachusetts, we can associate with qualified attorneys in your state. Contact us for a free consultation about your wrongful foreclosure lockout or trashout
"I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado A.D. from Colorado After seeing low cost airline tickets first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout Trashout Victim The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
Bank Bail-Out II, the Sequel: How the Banks Got a Mulligan in the Wrongful Foreclosure Crisis Posted on 2/6/2012 Massachusetts Attorney General’s low cost airline tickets Foreclosure Lawsuit Applauded by Private Consumer Attorneys Posted on 12/7/2011 4 Million low cost airline tickets Borrowers May be Eligible for Review of Foreclosures Posted on 11/2/2011