Category Archives: Bressi Ranch Short Sales

New Law Protects Homeowners After Short Sale

August 3, 2011 | by: bressi | Posted In:

In a major victory for REALTORSĀ®, Governor Brown signed into law a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder.Ā  Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot … Read More