A major real estate research company released a four page report yesterday (November 22, 2010) providing a significant look into the size of both listed REO (“real estate owned” by banks after foreclosure) and the increasing size of the “shadow inventory.” Shadow inventory consists of properties taken back by lenders through foreclosure but which are not […]
Archive for November, 2010
California Short Sale Anti-deficiency Law – Will Other States Follow?
What starts in California often spreads east across the country. Will that be the case for California’s new short sale anti-deficiency law? On August 19, 2010, the California Legislature approved Senate Bill 931 (SB 931) which added Section 580e to the Code of Civil Procedure (CCP §580e). It expands existing anti-deficiency laws regarding loans secured […]
