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California's new short sale law 580e, and lender's reactions

  • Broadcast in Real Estate
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UpsideDownRealEstate.com presents: 

California's July 15th 2011 short sale law.  CCP 580e

We will discuss

1. Senior and now junior lenders must release the deficiency

2. Lenders may not require a seller contribution

3. Intial reactions we have seen, range from nothing, to attempt to unwind a short sale, to attempting to prevent sales from happening.

4. Future strategies and best tactics.  

Discussion hosted by attorney John McConnin and Realtor Phil Mills

Followed by Q & A for real estate pros and the public