Short Sale Victory, Foreclosure Options
Short Sale Victory, California Real Estate
The following is great news for all families looking into or in the process of a short sale.
Please read it completely as this is a great short sale victory for all California home owners.
Gov. Jerry Brown signed his second real estate related bill last week, SB 458.
http://www.car.org/newsstand/newsreleases/sb458/
The Governor Of California signs a landmark law allowing citizens of this great state to walk away from deficiency judgements through an approved short sale.
Through the process of facilitating short sales in California during this market correction I have had to and gladly did negotiate language into short sale approval letters to prevent my clients from being sued latter by a junior lien holder.
Governor Brown has now made it easier for the homeowner to procede with a short sale. In recent times and years past many sellers would have to file for bankruptcy to remove a deficiency judgement by a 1st or junior lien holder. Sellers who wish to short sale today can get approvals and not worry about a deficiency judgement, thereby salvage their credit and work to improve their financial situation without concerns about law suits regarding a deficiency. This is a huge step in the right directions to help the people of The State Of California.
SB 458 also has an urgency clause that makes it effective upon signing.
Our previous law (SB 931 of 2010), a first mortgage holder could accept an agreed-upon short sale payment as full payment for the outstanding balance of the loan, but unfortunately, the rule did not apply to junior lien holders. SB 458 extends the protections of SB 931 to junior liens.
If you ever considered a short sale you are now free to move forward with your plans and get your short sale approval without concerns about being sued latter by a mortgage lien holder.
A big yes for the people of California. Thank you Governor Brown for demonstrating good leadership in troubled times.
Below are links to some free tools to help you determine what's best for you and your family.
If you think you may have to foreclose, think again a short sale my be your best option. Doe's a short sale make sense? Find out at ShortSaleSense.com
http://www.shortsalesense.com/
There are many more foreclosure options: http://www.solanohomefinder.com/foreclosure-options.htm
All services are free to you, including free representation from a certified professional.
Here's my word: I'll help you with a Foreclosure Option including a Short Sale for Free. I will not charge you the homeowner. Simple and Straight, yes I'll put it in writing.
Call me, text me or email me; you'll be glad you did.
Let me add this before you go. I will do everything possible to help you stay in your home if that's your desire.
Warmest regards,
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Terry Hughes, Realtor, Graduate Real Estate Institute (GRI), Senior Real Estate Specialist (SRES), Certified Distressed Property Expert (CDPE) Foreclosure Options and Short Sale Certified Professional.
RE/MAX Gold
(707) 249-8688
http://www.shortsalesense.com/
http://www.solanohomefinder.com/
http://travisafbhomes.com/
http://www.travisloans.com/
http://www.solanoforeclosurehelp.com/
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