Public Counsel and Major Legal Groups: Budget Plan Fails Californians Fighting Foreclosure
Leaders of three major legal groups that assist homeowners and tenants criticized Governor Brown's budget proposal taking $410 million in national banking settlement funds meant to prevent foreclosures. Public Counsel President and CEO Hernán Vera, Legal Aid Foundation of Los Angeles Executive Director Silvia Argueta, and Bet Tzedek President Sandy Samuels said in a statement:
California was a leader in holding banks accountable for the foreclosure mess and putting homeowners and hard-working Californians first. The proposal leaves homeowners dangling again. The biggest winner is going to be banks that will not be held accountable to the spirit and letter of the national settlement. Many California families who have the ability to stay in their homes but need help navigating the loan modifications maze will not get help. We’re all going to lose as a result.