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shortsals

With 610 Short Sale total in June for San Diego (19% of Sales) and 785 Foreclosure Sales (24% of Sales), this could be the incentive needed to swing the numbers in favor of short sales. Short sales, not only protect the homeowner’s credit, but keep property values higher, and help stabilize the market by preventing a homeowner to choose a foreclosure.

San Diego – Law Against Short Sale Deficiencies Expanded

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Laguna Beach, CA ( pressabout ) July 24, 2011 – In a major victory for REALTORS, Governor Brown signed into law today and effective IMMEDIATELY a C.A.R.-sponsored bill, Senate Bill 458, amending Civil Code Procedure 580(e) and prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective...