SHORT SALES PROTECTED BY NEW CALIFORNIA LAW – COSTS $0 – EXPERTS TUSTIN MEADOWS, CA 92780 – KATNIK BROTHERS
By Katnik Brothers- Broker, Realtor, M.B.A. North Tustin Realtor, Tustin Ranch Realtor, Orange Realtor, Tustin & Orange Real Estate
(Katnik Brothers Real Estate Services Corporation)
SHORT SALES ARE NOW PROTECTED BY CALIFORNIA STATE LAW! TUSTIN MEADOWS, CALIFORNIA 92780 SHORT SALE SPECIALISTS - Katnik Brothers. Banks are not allowed to come after a homeowner who completes a short sale. Governor Jerry Brown signed into Law Senate Bill 458, prohibiting a deficiency after a short sale of one to four residential units, regardless of whether the lender is a junior or senior lien holder. Effective immediately, lenders can not require a borrower to owe or pay for a deficiency in a short sale. Any purported waiver of this rule should be void and against public policy. To view the full law, go to www.leginfo.ca.gov and look up Senate Bill 458. Short Sale Overview Rental Homes or Condos, Vacation Homes, and Primary residences can be approved for the Short Sale Process. We are...