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 […]

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Security First Rule Under California real estate law California courts have decided Lenders must foreclose on the property security your loan rather than going after you personally on the promissory note. One of the more well known cases where this is discussed is Walker V. Community Bank https://www.casemine.com/judgement/us/5914c6bdadd7b049347dd63e   Note to California Property owners. If […]

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California Code of Civil Procedure C.C.P  580b.   (a) Except as provided in subdivision (c), no deficiency shall be owed or collected, and no deficiency judgment shall lie, for any of the following: (1) After a sale of real property or an estate for years therein for failure of the purchaser to complete his or her contract of […]

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