Tim Krueger and Associates Senate Bill 458 Another Layer of Protection for Homeowenrs I just recieved some fantastic information from my title rep today. Sentate Bill 458 was signed by Gov. Jerry Brown of California and is already effective. The new law states "California law that further protects homeowners from first and second lien holders from going after sellers for money owed after the short sale closes" This is great news and it seems that our legislators are finally trying to help California homeowners. A short sale is a transaction in which the homeowner owes more on the loan (0 comments)