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No Deficiency Judgments after Short Sale due to Senate Bill 458?

No Deficiency Judgments after Short Sale due to Senate Bill 458?



 



There is good news for home owners who are considering short sales in California. Governor Brown signed Senate Bill 458 into law today. This new law prohibits servicers, lenders and investors from pursuing deficiency judgments against home owners of 1 to 4 unit residential property.

 

Deficiency judgments on similar properties were prevented by CCP 580e last year,… Continue

Added by Christine Donovan on July 17, 2011 at 7:30pm — 2 Comments

Bank of America Short Sales Made Easier?

Bank of America Short Sales Made Easier?

Bank of America just announced a change in its short sale program that may make Bank of America short sales just a little easier.

Bank of America Until today, if Bank of America short sales were entered in Equator and then a buyer walked, the whole short sale process would have to start all over again. Even if the new buyer made exactly the same offer, the process had to start all over…

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Added by Christine Donovan on July 15, 2011 at 11:30am — No Comments

Why Do I Do Short Sales?

Why Do I Do Short Sales?



A few years ago, the discussions around real estate were two fold: either the bubble is going to burst or you better get in before you can't afford to buy.



In Orange County, California, our prices sky rocketed between 2001 and 2007, increasing in double digits for several years running. They always say that what goes up must come down, and so it was with the Orange County real estate market.



But, I don't think many would have believed… Continue

Added by Christine Donovan on January 7, 2010 at 2:13pm — No Comments

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