San Francisco Board of Supervisors unanimously passes foreclosure moratorium resolution
Supervisor John Avalos’ resolution calling for a suspension of foreclosure activities in the City and County of San Francisco passed in an 11-0 vote at the Board of Supervisors. This resolution signals the City’s resolve to protect homeowners from unfair and unlawful actions by banks, trustees and mortgage companies until protections at the state and federal level are in place.
“The foreclosure crisis has already devastated so many lives. This resolution is an important step to support solutions to prevent millions of Americans from losing their homes. And, while we are eager to see state and federal reforms enacted to provide much needed reprieve, we must do what we can TODAY to stop preventable foreclosures,” said Supervisor Avalos, who represents District 11, one of San Francisco’s areas hardest hit by foreclosures.