Archive for October, 2010
California Market Forecast for 2011
October 29th, 2010 categories: Real Estate news
With the holidays coming and a new year, it’s hard to project what our real estate market is doing, but I’m attaching an article done by CALIFORNIA ASSOCIATION OF REALTORS® released its California Housing Market Forecast for 2011: Small increases projected in both home sales and median home price.
Multimedia:
- View video of the presentation by C.A.R. Chief Economist Leslie Appleton-Young and Deputy Chief Economist Robert Kleinhenz.
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Ca-short sales exempt from the deficiency judgment, but not for Refi!
October 7th, 2010 categories: Real Estate news, Short sales
The Inman News published this article on short sales and the new law that passed:
California Gov. Arnold Schwarzenegger has signed into law a bill that protects homeowners who get their lender’s approval for a short sale from deficiency judgments, but vetoed related legislation that would have extended similar protections to homeowners who have refinanced their mortgage.
SB 931 was supported by the California Association of Realtors, although the group said the bill did not go far enough because it does not protect homeowners engaging in short sales from attempts by junior lien holders — owners of notes associated with so-called “piggyback loans” — from seeking a deficiency judgment.
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