Press Releases from Shortsaleinsandiego.com (1 total)
San Diego - Law Against Short Sale Deficiencies Expanded
Laguna Beach, CA ( ) July 24, 2011 - In a major victory for REALTORS, Governor Brown signed into law today and effective IMMEDIATELY a C.A.R.-sponsored bill, Senate Bill 458, amending Civil Code Procedure 580(e) and prohibiting 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,…
