Experts say: Now is the time to Buy
Published November 15th, 2011
Pricing Your Home the Process
Published August 2nd, 2011
SB 458 Protects Short Sale Sellers
Published July 25th, 2011
The signing of this bill by Gov. Brown is a great thing for California Home Owner considering a Short Sale. Previous legislation dismissed the obligation on your 1st mortgage but 2nd and 3rd lien holders could pursue sellers even after short sale was negotiated and short sale agreement signed.
Now any lender who agrees to a short sale payment must accept that payment as full payment of any outstanding obligation. This law prohibits any deficiency judgment to be requested after a short sale agreement is finalized.