The Problem With the California Homeowner Bill of Rights

By
Real Estate Agent with RE/MAX Gold DRE #00697006

california homeowner bill of rightsIf you think the California Homeowner Bill of Rights is gonna help you to do a short sale, that would be faulty thinking. On the surface, it sounds good to say that it stops dual tracking. But that's not really the way it works. The Bill of Rights goes into affect on January 1, 2013. It's a little bit too late when it comes to a short sale, though. The help needed by most Sacramento short sale sellers is on the front end, not the back end. Read more about the California Homeowner Bill of Rights.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
Home Selling
Location:
California Sacramento County Sacramento
Groups:
Northern California Real Estate Professionals
California Short Sales, REO's, and Foreclosures
CALIFORNIA REAL ESTATE
Lyon Realtors
Diary of a Realtor
Tags:
short sale
sacramento short sale
dual tracking
california homeowner bill of rights

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Rainer
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Geoff ONeill
John L. Scott Medford - Medford, OR

It's a government program.  Like most, it doesn't address the problem.  The legislature in California should concentrate on balancing their budget and overhauling the bloated retirement system that is draining any fund that might be available to pay off the debt.

Aug 12, 2012 11:40 PM #1
Ambassador
3,090,321
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

The problem with our lawmakers is that I really don't think they understand the problem.  They fumble around trying to figure out how to help in some way, but they fail.  

Aug 13, 2012 02:45 AM #2
Rainmaker
2,918,399
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Elizabeth well here we go again.  Most government programs just put a band aid on the would when it needs stitches. 

Aug 13, 2012 08:10 PM #3
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