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California has passed amendments to its anti-deficiency statute. The closing of a short sale and acceptance of terms of short sale will not give rise to deficiency claims for liability that lenders may pursue. Does this mean that California borrowers…
Get a copy of the Financial Crisis Inquiry Commission Report at http://fcic.gov/report
MERS – Mortgage Electronic Registration System, Inc. – nominee found in thousands (or hundreds of thousands) of mortgages and deeds of trust – suspended from doing business in California. Agent for Service of Process resigned March 25, 2009. A corporat…
1. The Automatic Stay of a Foreclosure: The filing of a bankruptcy case, whether Chapter 7, 11 or 13, gives rise to an automatic stay that will put a stop to a pending foreclosure or any other collection efforts, with some exceptions.
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