Real estate blog entries tagged with senate bill 458 by San Diego Short Sales, Orange County Short Sales (McConnin & Company Realty, short sale Attorney

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Home : Blogs : San Diego Short Sales, Orange County Short Sales : San Diego Short Sales, San Diego Real Estate : Tag "senate bill 458"

senate bill 458: 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)

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