“A study from credit reporting agency Experian and consulting firm Oliver Wyman showed 17% of all 60-plus day mortgage defaults in the second quarter of 2010 were due to strategic default.” as quoted by housing wire. A strategic default is characterized as a short sale or foreclosure where the homeowner was very capable of paying… Read More
Does SB 931 Stop Deficiency Judgments on Short Sales in San Diego California?
May 26, 2011 By Leave a Comment
It is very simple to get a release of liability on a first lien. This includes investment properties, vacation homes, and even recourse loans such as cash out refinances. However with the passing of a new anti-deficiency law SB 931 it is now guaranteed. For all short sale closing dates beyond January 1st 2011, any… Read More
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