Brentwood Press - Index

Brentwood Press - AntiochPress_07.18.08 - Index

16A | THEPRESS.NET BUSINESS JULY 18, 2008
Real Law
By Jim Price
CALIFORNIA’S NEW FORECLOSURE RELIEF LAW
On July 8, 2008, the Governor signed
into law SB 1137 which will spell some
relief for homeowners and tenants whose
homes are in foreclosure.
The new law requires that before lenders
may start foreclosing on a home they
must contact the homeowner to explore
options to avoid foreclosure. This provision
will take effect 60 days from July 8, 2008.
Lenders will have to give notice to
tenants (in 6 different languages) that the
property has been posted for foreclosure
sale.
After the home has been sold in foreclosure,
tenants will be given 60 days to
vacate before eviction may be commenced.
Cities and counties may impose a
$1,000 per day fine on lenders who do not
maintain vacant properties after 30 days
notice.
This new law only applies to loans
originated between January 1, 2003 and
December 31, 2007.
This new law creates a real opportunity
for homeowners to negotiate loan
modifications with their lenders. To date,
many homeowners attempting to contact
their lenders found themselves lost in the
automated telephone lines maintained by
lenders. Under this new law, if a homeowner
has not had contact with their lender
to explore options to avoid foreclosure, the
homeowner will be able to stop the foreclosure
until that opportunity has been given.
For tenants of homes in foreclosure
this law gives advance notice that the home
is in foreclosure and doubles the time tenants
have to vacate after the home has been
sold. No tenant should be paying rent to
their former landlord after the home has
been sold in foreclosure, and as with former
owners, lenders are paying tenants to vacate
homes to avoid the eviction process.
If you have questions on this or any
other real estate law topic call me at
(925) 516-4686.
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Photo by Garrett Harper
The inside of the Tumble Time bus is designed to offer a variety of gymnastic
and sports-inspired activities, complete with music.
Tumble Time from page 5A
Kalinowski says his children have enjoyed
a turn on the Tumble Time bus,
and he believes the traveling gym is an
excellent family-friendly approach to
traditional kid parties.
“As a council member in Antioch,
I believe this is a great opportunity for
children and a great business idea for
East County, which is full of families,”
said Kalinowski.
And given the current state of the
economy, it’s also an affordable alternative
to the stationary, infl atable party
places, even factoring in the price of
petrol.
“We’re defi nitely less expensive
than the other gym-type places,” said
Garrett. “We charge a set price for parties,
regardless of how many children
Jason Smith, M.D.
Orthopedic Surgeon, Spine Specialist
“ I treat every patient with respect, honesty, compassion, and
attention to detail because that’s the kind of care I would want
to receive. There is no greater trust than that a patient places
in their surgeon, and I never forget that.”
When it comes to relating to his patients, orthopedic surgeon
and spinal specialist Jason A. Smith, M.D. believes in the
concepts he learned from his father, a small town family
physician. When it comes to treating his patients, Dr. Smith
utilizes cutting-edge technologies and techniques in:
-Spinal Degeneration
-Ruptured Disc Repair
-Scoliosis
-Spinal Fractures
Jason Smith, M.D. is
accepting new patients.
– roughly $10 a child – and even though
gas is very pricy right now (and we do
run the air conditioner on hot days), for
us, it’s still cheaper than paying rent on
a warehouse somewhere. Our overhead
is very reasonable.”
For the Harpers, the Tumble Time
ride has been a wild one so far, but an
experience they say has exceeded their
wildest expectations.
“We defi nitely jumped off into this
pretty quickly,” laughed Garrett, “but
it’s been a lot of fun. A lot of work, but
a lot of fun. We can’t wait to see what
happens next.”
To book a party, or for more information
on Tumble Time, call 925-392-
3215 or visit www.tumbletimefun.com.
To comment on this story, visit www.
thepress.net.
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-Spondilolisthesis
-Lumbar/Cervical Disc
Replacement
Dr. Smith is a graduate of the
University of Arkansas and
completed an Orthopedic/
Spinal Surgery fellowship at
the University of California,
San Francisco.
3903 Lone Tree Way, Suite 305
Antioch, CA 94509
(925) 726-0146