SB 931 (eff. Jan. 1, 2011) Discharge of balance of loan indebtedness after a short sale for residential 1-4 real property by holder of a first deed of trust. This new law prohibits a lender holding a first deed of trust (purchase money or refinance) for a dwelling of 1-4 units to demand a deficiency…
Author Archives: Bill Nazaroff
Freeze on Foreclosures
You may have seen in the news that recent events had some of the major lenders put temporary halts on foreclosures. These events have caused the press and politicians to call for foreclosure freezes and moratoriums. If you are having difficulty paying your mortgage, a foreclosure freeze IS NOT the answer to your problem. However,…
Fresno,CA Loan Modification Fraud
Recently Judy and I went over to a home that someone wanted to sell as a Short Sale. Judy looked up the county records to get the details of the property and finds that someone else owns the property as of March 2, 2010 a Quick Claim deed was recorded on the property.