Friday, August 5, 2011

Short Sale Deficiencies – NO Judgment in California

California Civil Code Section 580e says:
Unless other exempt, when carrying out a short sale there will be NO judgment for the deficiency on the FIRST deed of trust on  residential property.  The lender of the FIRST loan cannot come after you for the remaining balance.  The short sale approval issued by your lender is their consent to accept the sale proceeds as full payment.

Nevertheless, its always a good idea to obtain the release of further liability from the lender in writing.

Tuesday, August 2, 2011

About Us

When the Real Estate Market took a dive in 2006 we at Homes & Beyond Realty, Inc. took significant strides to educate ourselves on how to aid struggling homeowners. January of 2007 we attended a 40 hour, 5 day seminar to enhance our knowledge on Pre-Foreclosure, Foreclosure, and Short Sales. Knowing and understanding the foreclosure timeline, deficiencies, legal, tax, and credit ramifications put us in a position to better aid many overwhelmed homeowners since.

For over 4 years now, it is with much pride and persistent efforts that we are able to call ourselves EXPERIENCED Certified Pre-Foreclosure, Foreclosure & Short Sale Experts. We diligently work on properly marketing distresses homes and personally negotiate with the lender; Your file will NOT be outsourced to a 3rd party ensuring you that we know every detail of the transaction. Choosing the right Realtor makes all the difference. An experienced, knowledgeable, and certified Agent CAN and WILL be the difference between a successful short sale closing and a potential foreclosure.

Call us anytime with any questions or concerns you, your family, or friends may have. We are here to help you. Your well-being and satisfaction is our # 1 goal.

Nidia Nuristani
Homes & Beyond Realty Inc.
(408) 836-2457