homeowner rights

March 9, 2016

New information on homeowner rights during a short sale

If you are considering a short sale of your home (or have completed a short sale), there is a recent California Supreme Court opinion that you should review. The gist is that a bank can’t collect a deficiency judgment when it agrees to a short sale in lieu of foreclosure. Banks can’t agree to a short sale to a third party, then seek the difference of the balance of the loan […]