Your Support of AB 957 is Needed Again Before Tuesday!

[Michael Kendrick]

Your support of AB 957 is needed again before Tuesday!

Two weeks ago, AB 957 passed the Banking and Finance Committee with bipartisan support! That first committee meeting victory is due to all of you who faxed a letter of support.

The next round is the Assembly Judiciary Committee which is meeting to vote on AB 957 on May 5 (this coming Tuesday). I have attached a list with the committee members Names, Districts, and Fax Numbers and I have attached a support letter. Print the letter, sign your name and fax it to Assembly Member Galgiani and to the Assembly Member listed on the Judiciary Committee in your area (see below). We will post further information about this on our website – please check the Property I.D. website for updates.

Here is a message from Andy Krotik, Realtor for 20 years

“Support of AB 957 will not only help to solve the problem of our clients having to use out of town Escrow/Title companies, but will save them money, provide them better customer service, and keep our dollars & jobs local.â€

Click on the link below to pull up the bill itself.

http://www.leginfo.ca.gov/pub/09-10/bill/asm/ab_0951-1000/ab_957_bill_20090422_amended_asm_v98.pdf

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Date: _______________

RE: Assembly Bill 957 – The Buyer’s Choice Act

Dear Assembly Member:

I am in support of the bill that will enact the Buyer’s Choice Act in residential real estate transactions in California.

I understand that this bill will prohibit banks (sellers who acquired title to residential real property at a foreclosure sale) from requiring the buyer to purchase title insurance or use escrow services chosen by the seller/bank. And it would prohibit a seller/bank from, without good cause, disapproving the use of a title or escrow company chosen by the buyer.

Of particular importance is the language in the bill that prevents a bank who is a seller from disapproving of a buyer’s choice of title and escrow companies without good cause. This will help prevent the current practice of large banks from putting inappropriate pressure on buyers to agree to use title and escrow companies that provide an advantage to the banks in the transaction.

This bill will put the choice of affiliate services back where it belongs, with the consumer. Thank you for undertaking this important legislation in California.

Regards,

____________________________
(Signature)

____________________________
(Printed Name)

____________________________
(Company Name)

____________________________
(Street Address, City, State, Zip)

____________________________
(Phone Number)

CC: Assembly Member Cathleen Galgiani, FAX 916-319-2117

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Assembly Judiciary Committee

Assemblymember Mike Feuer (D) - Chair
State Capitol, Room 3146
Sacramento, CA 95814
Fax: 916-319-2142
Counties: Portions of Los Angeles
Main Cities: Beverly Hills, Sherman Oaks, West Hollywood, West Los Angeles

Assemblymember Van Tran (R) - Vice Chair
State Capitol, Room 4130
Sacramento, CA 95814
Fax: 916-319-2168
Counties: Portions of Orange
Main Cities: Costa Mesa, Garden Grove, Westminster, Fountain Valley, Stanton, Anaheim, Newport Beach

Assemblymember Julia Brownley (D)
State Capitol, Room 2163
Sacramento, CA 95814
Fax: 916-319-2141
Counties: Portions of Los Angeles, Portions of Ventura
Main Cities: Agoura Hills, Calabasas, Los Angeles, Malibu, Oxnard, Port Hueneme, Santa Monica, Westlake Village

Assemblymember Noreen Evans (D)
State Capitol, Room 6026
Sacramento, CA 95814
Fax: 916-319-2107
Counties: Napa, Solano, Sonoma
Main Cities: American Canyon, Calistoga, Napa, St. Helena, Santa Rosa, Vallejo, Yountville

Assemblymember Dave Jones (D)
State Capitol, Room 6005
Sacramento, CA 95814
Fax: 916-319-2109
Counties: Portions of Sacramento
Main Cities: Sacramento

Assemblymember Steve Knight (R)
State Capitol, Room 2016
Sacramento, CA 95814
Fax: 916-319-2136
Counties: Portions of Los Angeles, Portions of San Bernardino
Main Cities: Adelanto, Lancaster, Palmdale, Victorville

Assemblymember Paul Krekorian (D)
State Capitol, Room 4005
Sacramento, CA 95814
Fax: 916-319-2143
Counties: Portions of Los Angeles
Main Cities: Burbank, Glendale, Los Angeles, North Hollywood

Assemblymember Ted Lieu (D)
State Capitol, Room 3173
Sacramento, CA 95814
Fax: 916-319-2153
Counties: Portions of Los Angeles
Main Cities: Lomita, Torrance, Redondo Beach, Hermosa Beach,
Manhattan Beach, El Segundo, Venice, Westchester, West Los Angeles,
Marina Del Rey, Playa Del Ray, Mar Vista

Assemblymember William Monning (D)
State Capitol, Room 5150
Sacramento, CA 95814
Fax: 916-319-2127
Counties: Portions of Monterey, Portions of Santa Clara, Portions of Santa Cruz
Main Cities: Carmel by the Sea, Monterey, Morgan Hill, Santa Cruz

Assemblymember Jim Nielsen (R)
State Capitol, Room 6031
Sacramento, CA 95814
Fax: 916-319-2102
Counties: Portions of Butte, Colusa, Glenn, Modoc, Shasta, Siskiyou, Sutter, Tehama, Portions of Yolo
Main Cities: Alturas, Anderson, Chico, Colusa, Orland, Red Bluff, Redding, Weed, Yuba City

Assemblymember Cathleen Galgiani (D)
State Capitol, Room 5155
Sacramento, CA 95814
Fax: 916-319-2117
Counties: Merced, Portions of San Joaquin, Portions of Stanislaus
Main Cities: Atwater, Lathrop, Merced, Newman, Stockton, Tracy

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