A new YEAR has dawned and Sacramento Short Sale sellers have been given a gift from our past Governor and legislative body that alleviates a deficiency judgement for those short sale sellers who refinanced their original purchase loan.
This Short Sale relief starts January 1, 2011 and applies to 1-4 units on first mortgages or deed of trust only.
SB 931 is a dream come true for many Sacramento Short Sale sellers.
The New Year is starting off right with assistance to those who can use the help. We all witnessed the help given to the banks at the tax payers expense so it’s rather nice to see help given now to those in our community that can use the help.
Investors were caught up in this real estate mess with bad loans too and now there is help for the investor who owns 1-4 units to avoid a deficiency judgment. A Short Sale use to be different when dealing with a rental but 2011 is changing that.
I hope your Short Sale agent postponed your Short Sale until 2011 so that you can avoid the deficiency judgement. I know all of my short sale sellers were given this information the minute news broke last year so they could make an informed decision. I work for my Short Sale sellers NOT the bank. That’s why I wouldn’t make a very good REO agent listing foreclosures. I just won’t work for the bank nor have the bank’s best interest at heart.
I work for the people, the Sacramento Home Buyers, Sacramento Short Sale Sellers and the Sacramento Home Sellers.
That’s why I love my job…I’m a people person!
So, as your Sacramento Realtor who just happens to be Certified Distressed Property Expert give me a call and let’s work together on your Short Sale if you are having trouble paying your mortgage payment.
In the meantime, take a look at Sacramento Real Estate Neighborhoods where you will find up-to-the-minute listings of homes for sale with videos of homes. Just sign-in and receive homes for sale on your email each day along with any reduction in price.
2011 is starting off with a BANG in Sacramento Real Estate and I am so glad to see a new positive beginning…Welcome 2011!
Other Sacramento Short Sale Articles:
Sacramento Getting Some GREAT Real Estate News
Are You Having Trouble Paying Your House Payment?
What Does Short Sale Mean?
This entry was posted on Monday, January 3rd, 2011 at 5:30 am and is filed under Short Sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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