By: David Streitfeld, New York Times, June 22, 2010
For the first time, the debate is spilling into the realm of law making, with state legislators in California considering a bill that would redefine the obligations of many defaulting homeowners. The efforts to shape the bill demonstrate how much is at stake — in California and the many other states with distressed real estate markets.
Read more here: http://www.nytimes.com/2010/06/22/business/22default.html?th&emc=th
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