SB 931 Deficiency Judgment Rescue on Refi Loans - 11/27/10 01:17 PM
Recently, I wrote an article on Sacramento Real Estate Voice that breaks down CA SB931 which will take effect on January 1, 2011 in California.
This new California bill is  deficiency protection for CA Short Sales of 1-4 units which protects homeowners and investors from recourse on their first mortgages and Deeds of Trust.
Apparently, the banks did not lobby against this bill and some say it is because the banks already have such a bad reputation with the public that they didn't want any further bad publicity. 
My guess is that there is more to it than that and the … (6 comments)