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A grandmother in the East Bay managed to stop a private equity firm from buying the home she was living in with the help from a new state law inspired by the Moms 4 Housing movement.
“It really makes me feel good that I can see the results of a bill that I carried,” said State Senator Nancy Skinner.
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She referred to SB 1079, which says foreclosed homes must be sold one at a time, in order to prevent speculators from buying up foreclosed homes in bulk.