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...
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