Archive for July, 2011

Tuesday, July 19th, 2011 at 7:03am

Will SB458 Expanded Anti-Deficiency Have Unintended Consequences?

The California residential real estate blogs and media have been enjoying an anti-deficiency “happy dance” the last several days. Is this warranted or will some homeowners suffer unintended consequences by the expansion of the anti-deficiency provisions of CCP 580e to junior liens? In the short term, certainly many lenders will. Existing Law In late 2010 […]

Tuesday, July 19th, 2011 at 6:47am

How To Get a Copy of SB 458 New Anti-Deficiency Law

California Senate Bill 458 (SB 458) was signed by the Governor on July 11, 2011 and immediately became law as an urgency measure. It was enrolled by the California Secretary of State on July 15, 2011. Accordingly, it immediately applies to all new and PENDING short sale approvals. There’s a lot of articles discussing the […]

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