Archive for July, 2011
Walk Away from Your Short Sale without a Deficiency!
The law against Short Sale deficiencies was expanded as Governor Brown signed into law Senate Bill 458 which prohibits a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders [...]