SB 458 signed into law by California Governor Jerry Brown. Short Sale Relief.
If you have to sell you home in California and you owe more to your lenders than it is worth then SB 458 is important news for you. Below is a one minute video on how this will affect a short sale in California.
SB 458 signed into law by California Governor Jerry Brown
Yes that is true. However, I see it as just another way to get into Realtors pocket by lenders when an unexpected repair, replacement or fix-up needs to be done that wasn't called out int he Truth In Lending form.
Thought it states a buyer cannot be required from paying more than what they offered for the property it doesn't say others including the buyer can pay extra if the volunteer.
Politicians are weasels.
I think anyone can pay...unexpected repairs can be negotiated for anyone to pay...
Great video....Sidney!
Hello late night bloggers, Mark,cliff & Alda.......
This is good news for sellers,lets hope it does not slow down the short sale process.
This may give Jr lien holders leverage to hold up the short sale looking to us or others for more funds.
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