New Deficiency Protection For Sacramento Short Sales; SB 931 Protects All First Mortgages
[caption id="attachment_3848" align="aligncenter" width="600" caption="SB931, California may become SHORT SALE HEAVEN! "][/caption] Sacramento Short Sale Certified Specialist and Folsom Certified Short Sale Specialist reports: When Governor Schwarzenegger signed SB931 last October, California was set to become SHORT SALE HEAVEN! Short Sale and Foreclosure Deficiency in California may be a thing of the past! Sacramento's newest homeowner protection bill, SB 931 which goes into effect January 1 2011, stops Deficiency Judgments on short sales in California on ALL FIRST MORTGAGES no matter how are when they were originated! Just like the Great Depression, The Great Recession is forcing lawmakers to pass laws that protect homeowners. In California during the Great Depression, thousands were losing homes to foreclosure and lawmakers in Sacramento...
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