Newsom executive order targets 'greedy speculators'
Gov. Gavin Newsom issued an executive order on Tuesday intended "to protect firestorm victims in the Los Angeles area from predatory land speculators making aggressive and unsolicited cash offers to purchase their property," his office said in a statement.
"Taking advantage of the disaster and associated trauma, these predatory and exploitative practices endanger the financial well-being and security of vulnerable victims," the governor's office said, vowing "stronger enforcement and prosecution" of those engaging in such activity.
"As families mourn, the last thing they need is greedy speculators taking advantage of their pain," Newsom said in a statement.
"I have heard first-hand from community members and victims who have received unsolicited and predatory offers from speculators offering cash far below market value -- some while their homes were burning," Newsom added.
"We will not allow greedy developers to rip off these working-class communities at a time when they need more support than ever before."
-ABC News' Marilyn Heck