Rich discussses the changes in short sale laws for california as of July 15
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Duration : 0:10:16
Roy Oppenheim From The Trenches
http://www.oppenheimlaw.com/
Florida Foreclosure defense attorney and legal blogger, Roy Oppenheim, talks about Florida Short Sales.
A Florida Short Sale means you owe more money to your bank than your Florida property is worth. If you are looking to sell your Florida house for less than that value, your Florida bank has to approve taking a loss on the house.
Roy Oppenheim recommends that you consult with your Florida real estate attorney in order to convince the bank to approve your Florida short sale and not end up with a deficiency or a deficiency judgment.
In order to do a Florida short sale you need to have hardship. Hardships include loosing your job, divorce, disability, more kids, etc. All of these factors come into play in convincing a Florida bank to approve a short sale.
Florida lawyers, like Roy Oppenheim, are there to help you through the process of completing your Florida short sale successfully. Roy Oppenheim has many years experience in this field and is here to help you get the most out of your Florida short sale.
http://www.oppenheimlaw.com/
In a series of short clips Roy Oppenheim will be covering important topics concerning Florida foreclosure defense and what you can do to better manage today’s state of the real estate market.
Roy Oppenheim will be covering a variety of topics including the following:
- Florida Short Sales
- Florida Strategic Default
- The State of Florida’s Real Estate Market
- Florida Foreclosure Defense
- Florida Deficiency Judgments
- Florida Second Mortgages
Subscribe to Roy Oppenheim’s channel to partake in the Summer School Series and gain knowledgeable information on Foreclosure Defense as it applies not only to Florida but also the rest of the United States.
http://www.oppenheimlaw.com/
Duration : 0:2:48
“Short sales in CA just became SO much more attractive! BUT CA lawmakers still they left a couple of holes for second lender which may make it harder for some agents (watch the video).
You know how SB931 that was passed last year made so many people confused and others excited? Well, SB458 [now known as CA CCP Section 580(e)] was just signed into law and is effective IMMEDIATELY and makes it so that ANY lender in CA who agrees to a short sale on a 1-4 unit property, MUST FULLY RELEASE THE SELLER OF THE DEFICIENCY.
This means that second lenders can no longer release only the lien if they agree to a short sale. This law was specifically written to INCLUDE the second lien holders that were left out of SB931/CA CCP 726(e).
This makes short sales SO much more attractive for those who own property in California, especially for those who are short selling a second home, investment property or a cash out loan on their primary residence.
There are however TWO LOOPHOLES for lenders to get MORE money that I talk about in this video.”
Duration : 0:2:10
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