This challenging transaction can be a major component of economic recovery...if we can just make it work!
VICTORY FOR HOMEOWERS!
CA Senate Bill 458 was signed into law on July 15, 2011 and is effective immediately for all short sale transactions that close after 7/15/2011. The law provides that Junior Lien Holders no longer have any deficiency rights agains the borrower of a short sale! Yay! If you have questions or require further information about this Bill 458 and it applies to you or someone you know, please dont hesistate to contact me!
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