Christine Donovan's Blog – July 2011 Archive (2)
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.
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…
Added by Christine Donovan on July 15, 2011 at 11:30am — No Comments
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