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includes duties to clients, the public, and other Realtors. The NAR wields substantial power as a lobbying organization for real estate buyers connecticut mortgage banking sellers. The legal protection in question -- detailed in Section 580b of the California Code of Civil Procedure -- dates to the Great Depression, when the Legislature passed a number of measures to protect Californians losing their homes in foreclosure sales. Because home values were plummeting and few people had money to bid at foreclosure auctions, destitute borrowers couldn't connecticut mortgage banking off the mortgage and were left facing a lifetime of debt. To this
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