New Guidelines regarding Distressed Sales

http://apps.leg.wa.gov/billinfo/summary.aspx?bill=2614

Limiting deficiency judgments pertaining to residual debts following short sales of owner-occupied residential property secured by deeds of trust.
Revised for 1st Substitute: Limiting deficiency judgments pertaining to residual debts following short sales of owner-occupied residential property secured by deeds of trust. (REVISED FOR PASSED LEGISLATURE: Assisting homeowners in crisis by providing alternatives, remedies, and assistance. )

Posted on May 1, 2012 at 8:32 pm
Kim Edwards-Fukei | Category: Bank-owned Properties, Buyer Topics, Fannie Mae, Foreclosures, Freddie Mac, Pre-Foreclosures, REOs, Seller Topics, Short Sales, Stats | Tagged , , , , , ,