Senate Bill 458 – This is Supposed to be a Good thing for Homeowners…

Although the Legislation appears to be very Consumer friendly on the outside, San Diego County Real Estate experts have mixed feelings about how the “Loser” in this situation will react. The 2nd mortgage holders on any San Diego Short Sale transaction will no longer be able to Sue Homeowners for the remaining balance or the “uncovered difference” that wasn’t paid off through the Short Sale transaction.

JJ, Art, and Jason Lopez are in-studio and the discussion brings up some good points about the potential back-lash of this Legislation, SB 458.

This also brings up questions about the role Bankruptcy will play for Short Sales in San Diego.

Categories: Bankruptcy, Best of Radio Show, Buying Real Estate, Short Sale

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