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Real Estate Law News
4/30/2008 8:10:58 AM EST
Calif. bill requires lenders to maintain foreclosed homes

SACRAMENTO  -- (AP)  Banks and mortgage companies face fines of $1,000 a day if they allow foreclosed homes to become run down and a source of neighborhood blight under a bill that passed the state Senate on Monday.

California has one of the highest foreclosure rates in the nation.  

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