Temecula Short Sale Agent. SB931 Non-Deficiency Senate Bill (Calif)
In this video Sidney Kutchuk,Broker of the Realty Works Temecula Office tells you about Calif SB931. This Calif Senate bill takes effect Jan 2011. It is the law now that if in Calif your lender approves you for a short sale,they can no longer seek any deficiency (balance owed) even if its in the lenders approval letter,its not allowed by California law.