Sheraton Grand Hotel Grand Nave Ballroom, Gardenia Room Sacramento, CA Thursday, June 7, 2007 9:00 AM – 11:20 AMPlease Note: Only the C.A.R. Board of Directors may take action on behalf of the California Association of REALTORS®; not individual committees. The Summary of Action Items for the Board of Directors may be found at: http://www.car.org/index.php?id=Mzc1MzU .The archive section for each committee, including meeting materials for each committee, may be found at https://www.car.org/index.php?id=MjMy. Set out below is a summary of Real Estate Finance Committee activity, including the additional action on those items (if any) by other C.A.R. bodies.
CALL TO ORDER
The Chair convened the meeting of the Real Estate Finance Committee at 9:00 AM.
ACTION ITEM -Task Force
A motion was made and seconded:
That C.A.R. create a Task Force to examine what incentives may be created for lenders to work with borrowers and their agents in order to avoid foreclosure when mitigating circumstances warrant.
Real Estate Finance Committee: Approved Federal Issues Committee: Approved Executive Committee: NOT Approved Board of Directors: Approved