California Law Protects Against Deficiencies

Peggy Walkush, Realtor, with Keller Williams delivers her Short Sale Report describing the California Law that protects homeowners against deficiencies after a short sale. Effective July 15, 2001, SB 458 precludes holders of trust deeds securing residential properties from pursuing homeowners for a deficiency once they’ve approved a short sale in writing. Peggy summarizes the law for AtHomeSanDiegoLive.com, her all video real estate web site.