Regulations

California legislation proposed to protect rights of widowed homeowners

State's Chamber of Commerce listed bill on a 'jobs killer' list

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When purchasing a home with a spouse, planning for tragedy isn't typically at the top of the to-do list. A recent proposed bill in California would help widowed homeowners who have a legal interest in a home but are not officially named on the mortgage avoid foreclosure, but there are some roadblocks facing the passing of the legislation, Assembly Bill 244, introduced by Susan Talamantes Eggman. Proponents of the legislation are urging members of the California Chamber of Commerce to reconsider their stance on AB 244. Earlier this year, the Chamber listed AB 244 on its "jobs killer" list in what is thought to be a scare tactic toward legislators voting for the bill. "This is about widows and orphans," said Kevin Stein, associate director of the California Reinvestment Coalition. "It's hard for us to understand why the opposition would be so strong and why, in particular, the Chamber of Commerce would go out of its way to say this is a jobs-killer bill. So we're kind of perple...