1695. (a) The Legislature finds and declares that homeowners whoseresidences are in foreclosure have been subjected to fraud,deception, and unfair dealing by home equity purchasers. The recentrapid escalation of home values, particularly in the urban areas, hasresulted in a significant increase in home equities which areusually the greatest financial asset held by the homeowners of thisstate. During the time period between the commencement offoreclosure proceedings and the sche...
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