Comments on: New California Short Sale Law Just Passed!!! California SB 306

By: Marie

Marie — Fri, 29 Jan 2010 18:00:07 +0000

What are the Tax consequences of a short-sale? (I am under the impression that it’s not as easy as people think to be “free and clear” )
Yes, we would have a lovely low rent payment for 2 years after our short-sale (until we can buy again) but what legal rights does our second have to “pursue” us for the unpaid balance and what about the IRS? These are crutial questions for everyone to consider.

By: Jake Duvall

Jake Duvall — Fri, 02 Oct 2009 21:52:19 +0000

Bernie this is going to be great for everyone in the industry, I just got the email on this subject from CAR and I am excited!

By: Hector Aguilar

Hector Aguilar — Fri, 02 Oct 2009 18:34:12 +0000

As a short sale expert in the East San Gabriel Valley and Inland Empire regions of Southern California, this is great news to several home owners that are looking for a fast resolution to their short pay request from their lenders! No longer will sellers have to wait 3-12 months for Lenders to make a decision or even worse not make a decision to approve the short sale and lose their homes to foreclosure! This is a great opportunity to helping distressed homeowners avoid foreclosure. We look forward to helping your dispose of this burden and get you back on the road to recovery.

Hector Aguilar
The ALMA Real Estate Group
Direct 626-255-2783
email: info@HectorSellsHomes.com

By: Elise Fay

Elise Fay — Thu, 01 Oct 2009 20:34:06 +0000

How does that get regulated with lenders all over the country? Will they abide by California’s law and how will they be educated on that? If the lender or servicer is based in California will they follow those same rules for your neighbors in Arizona? Wouldn’t that be sweet!!?