January 23, 2025 - 07:07
Governor Gavin Newsom has announced an executive order aimed at shielding victims of recent firestorms in the Los Angeles region from predatory real estate speculators. The order, issued on January 14, addresses the alarming trend of aggressive and unsolicited cash offers made by investors seeking to buy properties from those affected by the devastating wildfires.
In the wake of such disasters, many homeowners face the daunting task of rebuilding their lives, and the last thing they need is to be targeted by opportunistic buyers looking to profit from their misfortune. The executive order seeks to create a protective barrier, ensuring that fire victims are not pressured into selling their homes at undervalued prices.
This initiative is part of a broader effort by the state to support communities recovering from natural disasters. By taking decisive action, Governor Newsom aims to restore stability and provide much-needed relief to those who have already suffered significant losses. The governor's office emphasizes the importance of protecting vulnerable residents during their recovery process.
