is a short sale for me: Are Homeowners Relived Of All Debt Obligations When Doing A Short Sale, Series 8 - 03/07/12 08:18 AM
If your home is considered residential 1-4 units, then yes, according to CAR legal series you are relieved of debt obligations. However, be aware, that there are many changes happening on the local and national level each month. They are in favor of the homeowner's doing short sales. Make sure you hire a seasoned short sale agent and potentially speak to legal counsel. A good short sale agent will have these resources for you. See below for exact info, part of an on-going series:
II.  Effect on Borrowers of Short Sales
Q 8. ¬†Is the seller in a short sale … (11 comments)

 
Kim & Kristine Halverson, Realtors (www.LiveWorkSiliconBeach.com, Santa Monica Real Estate :)  ) Rainmaker large

Kim & Kristine Halverson

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Santa Monica, CA

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www.LiveWorkSiliconBeach.com, Santa Monica Real Estate :)

Address: 3130 Wilshire Blvd., Suite 100, Santa Monica, CA, 90403

Office: (310) 737-8173

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Author Bio: Kim & Kristine Halverson are Realtors in Santa Monica at Berkshire Hathaway HomeServices California Properties. Kim & Kristine are sisters, and have over 20 years combined experience serving buyers and sellers in real estate. View all AR Posts By Kim & Kristine Blog Google+


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