California Governor Gavin Newsom is stepping in to protect homeowners affected by the Palisades, Eaton, Hurst, Lidia, Sunset, and Woodley wildfires from unsolicited land offers. Newsom issued Executive Order N-7-25, which prohibits speculators from making “aggressive, unsolicited and undervalued” cash offers to homeowners across 15 Los Angeles ZIP codes for 90 days from Jan. 6.
Source: Inman News
California governor warns off ‘predatory’ investors amid wildfires
Published in Agent, Altadena, California Department of Real Estate, Community Ties, Department of Real Estate, executive order, Executive Order N-7-25, Gavin Newsom, inman, inman connect, Karen Bass, LA wildfires, Land Speculators, los angeles, market value, Markets & Economy, natural disaster response, predatory investors, predatory real estate practices, Select and wildfires
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