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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!

California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!

by on October 13, 2009

In California Monday in an emergency procedure Governor Shwartzenegger signed into place Senate Bill 94. This bill took in effect right away ceasing all further loan modifications, even with attorneys, up until 2013. How many attorneys do you know that work for free? Well for the same reason you will see a lot of companies [...]

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Is short sale flipping illegal??

by on October 7, 2009

The answer is yes and no, and let me explain: Different banks have different contracts with Fannie Mae and Freddie Mac.  That’s why Bank of America can’t do some loans that Wells Fargo can.     The 90 Day Rule Here’s a general rule.  When someone buys a home for a certain price, and tries to immediately [...]

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New California Short Sale Law Just Passed!!! California SB 306

by on October 1, 2009

Oh Happy Days!!! Will you start learning about short sales now? This is the section of the recently passed California SB 306 law. This new law creates opportuinty to the way short sales will now be done in California… Here is the shortest version we decided would be best for our readers: we read this over and over, and this [...]

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