New Anti Recourse Law SB 458 Extends Short Sale Anti-Recourse Protections of SB 931 to all Junior Mortgages
Will I have To Pay My Lenders Back After A Short Sale? Report: Solving Your Mortgage Crisis Just Got Easier Here's a Video explaining California's new law from "The Short Sale Genius!" Forth Hoyt, Sacramento Certified Short Sale Specialist and Expert Short Sale Negotiator reports that California Law Now Stops Short Sale Recourse on second mortgages- Including All Claimants- Mortgage Insurance included! Another Milestone in California Short Sale Deficiency Law- Let's back up and give a little foundational info: Civil Code Of Procedure 580(e), which originated as SB931, protects homeowners from any recourse or deficiency action from first mortgages in California. It was a huge deal and I wrote about it here: California’s New Short Sale Recourse Law and California Anti Deficiency Law History You see,on January...
California Deficiency Judgments on Sacramento Area Bank America Short Sales
[caption id="attachment_3376" align="aligncenter" width="300" caption="Bank Of America's Deficiency Language in Short Sale Approvals"][/caption] Forth Hoyt's Sacramento Short Sale Center Presents More Information on Short Sale Deficiency in California. Homeowners in Folsom, El Dorado Hills and the entire Sacramento metro area are looking for foreclosure options, answers, choices and ways to save their credit and stop foreclosure. 08/23/10 LEGAL ALERT! READ ABOUT New Deficiency Protection For Sacramento Short Sales and Bank of America short sale deficiency letters Just got a call from a nice agent in Danville. She called me off my website; the Sacramento Short Sale Center at wereheretohelp.org... she was doing Google searches for information on California deficiency law as it relates to short sales and foreclosures in California,and came across my...
California Deficiency Judgment Chart- Avoid Deficiency Judgement in California
[caption id="attachment_2769" align="aligncenter" width="282" caption="Deficiency Judgments From Short Sales With Full Recourse Loans"][/caption] Deficiency Judgments in California have become a hot topic for short sellers. HOW TO AVOID California Deficiency Judgment: Are your Loans Full recourse? Find out! Search More California Foreclosure Law Here Or Contact us Today At Forth Hoyt’s Sacramento Short Sale Center This legal chart is intended to provide a quick and easy guide to determine when a borrower may be liable for a deficiency judgment. There are other factors and conditions which may change the result (such as fraud by the borrower and bad faith waste). For more details see the legal article, Deficiency Judgments and California Law. Find out the rules on deficiency...
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