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SB931: A Step Forward for California Homeowners Planning to Short Sell
Quiet but effective. SB 931 passed unaninomously by both California houses, was signed by the Governor on September 30, 2010. The bill, which will add a new section to the Code of Civil Procedure, Section 580e, is designed to provide relief to homeowners who are underwater on their first deed of trust but are uneasy about short selling their home since the lender is threatening to pursue a deficiency judgment for ... Read more »
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