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release of deficiency: SB 458, Senate bill 458 now CCP 580E - no deficiency after short sales in CA - 07/18/11 08:54 PM
Breaking News...
Short Sales in California just got easier... or did they?
 
With the passage of SB 458 into law California's legislature just ameded
CCP 580e to now releases hort sellers from the deficiency on junior liens.
580 already worked to release the deficiency or remaining loan balance on senior liens.
 
On its face this is probably a great amendment for upside down home sellers.
We are pretty sure this will have a positive overall effect for
upside down home owners but... there could be some downside.
 
We will discuss in future posts why it may be more … (3 comments)

release of deficiency: Chase short Sales, explicit reservation of right to collect the deficiency - 12/22/09 07:31 PM
Chase is getting more and more difficult to work with.
In the past we got them to release the deficiency in writing almost every time. 
Lately it is getting tougher and tougher
The good news is the banks are getting more explicit in their reservation of rights to collect the deficiency.
The bad news - you have to start find ways to gain leverage against them.    You may wish to speak with an attorney.
We just got this back on a Chase second.  I am posting it because it is unusually explicit and clear. 
My client will have to decide whether … (7 comments)

 
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San Diego Short Sales, Orange County Short Sales

San Diego, CA

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McConnin & Company Realty, short sale Attorney - Broker

Address: San Diego Short Sale, Carsbad Realtor, Carlsbad, CA, 92009

Office Phone: (760) 896-4663

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