UCI News

Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

Los Angeles Times, June 29, 2020

June 29, 2020

Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

Stacey Tutt, director of UC Irvine’s Consumer Law Clinic, said that any government help needs to address such instances and that since the fall of 2018 her clinic has handled eight cases in which mortgage servicers initiated foreclosures because of PACE hardships, a number she called significant given the limited capacity of the clinic.