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THE MELLOR LAW FIRM
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Tag Archives: short sales
2007 Mortgage Debt Relief Act Extended For One Year In Senate Bill.
It appears that the Mortgage Debt Relief Act of 2007 will be extended for one year. The Senate is currently making amendments to the Bill, passed in the House earlier this morning and the President has yet to sign, however, … Continue reading
Posted in Foreclosure Education, Foreclosure Law News, Legal News, Real Estate Education, Short Sale News
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Congress Takes Up Attempt To Speed Up The Short Sale Process
Senator Sherrod Brown (D-Ohio) has introduced legislation to address the lengthy process of completing real estate short sales. The process of short sales continues to frustrate all parties involved and frequently results in offers being withdrawn and sales falling through. … Continue reading
Law Against Short Sale Deficiencies Expanded
In a major victory for Homeowners facing the loss of their homes, Governor Brown signed into law today, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior, … Continue reading
Posted in Real Estate Law News, Short Sale News
Tagged anti-deficiency legislation, California homeowners, california real estate attorney, california real estate law, Foreclosure Law News, foreclosure statutes, home mortgages, homeowner law, non-judicial foreclosure, real estate attorney, real estate lawyer, senate bill 458, short sale deficiencies, short sales, the foreclosure process
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Save Your House – With The Housing Market In Shambles, Who Will Pay?
Although the real estate market began its collapse several years ago, banks and lenders continue to sort out the related issues today. According to the New York Times, during the real estate boom years banks nationwide lent homeowners more than … Continue reading
Foreclosure Laws in California – Protection for Homeowners in Foreclosure or Short Sales
California has been among the states hardest hit by declining real estate values. Many homeowners now find themselves “underwater,” or owing more on their home than it is worth. According to a recent report from research firm First American Home … Continue reading