From AHRC News Service: SCHWARZENEGGER VETOED ANTI-FORECLOSURE BILL AB 2598 TODAY
Hot off the presses. This is the Steinberg bill. I've noted a couple of times that rumors were circulating to the effect that CAI was lobbying The Governator heavily to veto this. I've also noted that he lives in a gated community. Looks like he has his own idea about the HOA foreclosure power. This is a major setback for the California activists. Arizona and Florida brought victories on this issue, but it looks like the industry still has the inside track in California.