MCLE on PACE Loan September 23
Date: Monday, September 23, 2019
Time: 12-1 p.m.
Location: San Diego Law Library, Downtown Branch
MCLE: 1 hour general participatory credit.
Property Assessed Clean Energy Programs (PACE) offer long-term private financing for renewable energy and energy efficiency upgrades to homes and businesses. What was intended to be a win for the environment and property owners has turned into a problematic financing program (some would even call predatory lending) with contractors soliciting homeowners and lenders initiating judicial foreclosures on the first missed payment. Californians have received over $2 billion in PACE financing. It is the fastest growing form of financing in the country, leading some to believe that PACE is the next subprime mortgage crisis.
This presentation will cover:
- Introduction to PACE;
- PACE Problems & Dangers;
- PACE Litigation; and,
- Alternative Advocacy Tools.
About the Speaker:
Alysson Snow, Esq. leads the Consumer Protection Division of the Legal Aid Society of San Diego, Inc. in its efforts to fight against foreclosure, particularly against PACE. She represents numerous homeowners here in San Diego suffering the effects of the PACE predatory lending program.