California Short Sale Law| Print | California Short Sale Law   Short Sales are influenced by California Case law, California anti-deficiency Statutes, California Association of Realtor contract forms, California contract law, (approval letters, escrow instructions, negotiated releases) loan servicer (think lenders)  duties to their investors, third party rules promulgated by agencies like fannie mae and freddie mac […]

Read More →

Short Sale Negotiations and Transaction Management Have your Realtor Work for you Not Your Lender Short Sale Transaction Management Plus Make Sure Your Realtor Works for You and Not Your Lender A properly executed short sale may minimize damage to your credit, minimize tax exposure and release you from a deficiency. We will now provide […]

Read More →

California Short Sale Addendum Below is an outline of a real estate law presentation I gave on short sales at the Local San Diego HUD office.  This outline is designed to be viewed along side the California Association of Realtor’s Short Sale Addendum. SHORT SALE ADDENDUM California Association of Realtors Form SSA (11/07) and Form […]

Read More →

California Short Sale Transactions – Orange County Short Sales, Riverside County short sales, Temecula short sales   Short Sale marketing programs designed to bring in offers; even in this difficult market. Don’t rely on rising market marketing concepts and Realtors. Ask your Realtor how long they have been licensed. Then ask them how many short […]

Read More →

Calfornia Code of Civil Procedure 580e, C.C.P. 580e California’s Short Sale Law Breaking news on CA short sale law. Emphasis added.580e. (a) (1) No deficiency shall be owed or collected, and no deficiency judgment shall be requested or rendered for any deficiency upon a note secured solely by a deed of trust or mortgage for a dwelling of not […]

Read More →

CA Short Sale Myths Short Sale Myths we hear from California Sellers looking for a Short Sale Realtor 1.  If you hear a Realtor tell you, you can’t do a deed in lieu or any other workout besides a short sale when you have two loans find a new advisor.  Having two loans can make […]

Read More →

This is in an incredible number. How long will employers continue to pay furloughed employees?   http://news.trust.org/item/20200327204817-8hr18/ more at link…. “The commitment to social distancing comes at a time when many Americans are feeling high levels of concern about the economy. Only 30% of Americans said they felt that the U.S. economy was headed in […]

Read More →

… “Wells Fargo, US Bank, Citi and JP Morgan Chase will defer mortgage payments for three months. State chartered banks and credit unions will offer similar deferrals. Newsom said everyone is eligible, regardless of how much money they make. He said homeowners must submit “some form of documentation,” but did not give details. “I thought the […]

Read More →