Kathy Dyer Realtor Rosevillle Ca's Blog (1)

Golden One2nd lien holder canceled their prosmissory note after the short sale closed in California

     

Because of the new law that was passed in Ca. July 15th, stating that 1st and 2nd lien holders can not pursue a deficiency, ask for cash at closing, or pursue any promissory notes,  Golden One sent my client a new revised approval letter releasing them of any promissory note. We closed the short sale on July 26th and the negotiator called the next day and said they were sending out a new approval…

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Added by Kathy Dyer Realtor Rosevillle Ca on July 31, 2011 at 10:30am — 2 Comments

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