Demand a Moratorium on Home Foreclosures in California

Target: Governor Jerry Brown

Goal: Institute a temporary moratorium on home foreclosures in California

California has the nation’s second highest foreclosure rate, despite a 30% decrease from June 2011, according to market researcher RealtyTrac. For the first time, California has had more foreclosures than Nevada during a 30-day period. Seven California cities are in the top ten nationwide for foreclosures, including Stockton, where one in every 38 households is in foreclosure.

While Governor Jerry Brown has already passed a series of bills known collectively as the Homeowner Bill of Rights which prohibit a series of unfair bank practices and grant certain protections for struggling homeowners, Californians continue to lose their homes in increasing numbers. What’s more, the bill will not go into effect until Jan 1, 2013. California homeowners need protection between now and then.

Until the Homeowner Bill of Rights takes effect, Californians will continue to struggle with predatory banks and unequal bargaining power against foreclosures, many of which may be illegal due to the nature of nonstandard documentation common in short-order foreclosure procedures. Because many of the original home loans were made in order to be sold to the banks to be securitized into mortgage-backed securities, the paperwork that should have accompanied the loan process was often neglected, rushed, or improperly filed. As a result, many homeowners have likely been foreclosed upon illegally.

Over 700,000 Californians have already defaulted on their mortgages and been kicked out of their homes by their banks. As long as it remains difficult to distinguish legal from illegal foreclosures, banks will likely operate with impunity in foreclosure proceedings until the end of the year. California homeowners cannot wait for the beginning of the year. Tell Governor Jerry Brown to issue an immediate temporary moratorium on home foreclosures.


Dear Governor Jerry Brown,

California faces an epidemic of home foreclosures. Seven California cities are in the top ten nationwide for foreclosures, and California now has the second highest foreclosure rate in the nation.

The Homeowner Bill of Rights you signed into law will do much to help struggling homeowners negotiate with banks in order to keep their homes. However, the Bill will not take effect until January 1st 2013. Until then, Californians will continue to lose their homes in great numbers and some will be foreclosed upon illegally. Struggling homeowners need relief now.

A moratorium on home foreclosures in California would protect struggling homeowners until the bill you passed takes effect. Over 700,000 Californians have already defaulted on their mortgage and it remains difficult for legal and illegal foreclosures to be distinguished. California needs this. Please take this necessary step to help Californians keep their homes.


[Your Name Here]

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