http://TheCapstoneTeam.com (510) 432-0617 Derick Drumm of The Capstone Team at Keller Williams – Two Names You Can Trust – Discuss the new law SB 458 (Corbett) that was signed in to law recently.
SB 458 was signed in to law and became effective immediately. It extends the protections offered in SB 931 which protected consumers against having to comme up with any money for the first lender in a short sale. However, second lien holders could still come after you for more money.
SB 458 now protects homeowners in that no lender in any position can come after you for more money than was agreed to by one lender. What that means is that if your short sale is approved, you will not be liable to pay back any more money to any lender.
This protection also applies to Home Equity Lines of Credit – otherwise known as HELOC’s. HELOC lenders were notorious for coming after homeowners for more money in order to approve a short sale. They can no longer do so.
If you have any questions about this video and article, or about Real Estate in general and most certainly short sales, contact us. We will by happy to answer your questions and want to make sure that you get the right answers the first time.
Short Sales
Does a Short Sale Make Sense
Foreclosure
Avoid Foreclosure
Loan Mod
Loan Modification
Fremont
Union City
Newark
Hayward
Dublin
Pleasanton
Livermore
CA
California
Duration : 0:2:54
Most sales training does not take into account how customers want to buy. Gain more insights, access resources, and learn more about Carew International’s sales training programs and other offerings at http://www.carew.com.
“http://home-store.org 214-636-7138
http://www.theshortsalesecret.com Property foreclosures and Bank foreclosed homes are the best real estate investing strategies for people looking for investing for beginners by D.C. Fawcett, go to http://www.theshortsalesecret.com
Detailed information on the Insider Network training is available at:
In this week’s edition of the FAN:
The 80 20 Rule (Pareto’s Principle) and its application to business sales and marketing is discussed by Dave Hibbard, Founder & CEO of Dialexis, inc., a sales training and development organization. Dialexis is focused on providing sales professionals, through its SOAR (Surge of Accelerating Revenue) program a proven formula for achieving top 20%+ results, specifically in the areas of mindset and tactics. To learn more, please visit http://www.dialexis.com/moreinfo.html
2533 W KIOWA AVE
The Commercial Foreclosure Goldrush is Coming it’s expected that 2 out of every 3 commercial real estate buildings will go into Foreclosure and DC Fawcett and Karen Hanover are going to show you how they are cashing in on Commercial Foreclosures
Doug Minor of Easy Credit Relief with over 20 years in the Credit Repair Industry talks about credit scoring and life after a Bankruptcy, Short Sale, and/or Foreclosure. These tips are a valuable insight to anyone looking to get their credit back on track! Provided to you by www.partnerfirst.org