Tag Archives: Deficiency

Deficiency Judgments On the Rise in Modesto, So Protect Yourself With Bankruptcy

A recent Wall Street Journal article reports that the number of deficiency judgments is on the rise as banks attempt to make as much money as they can after being hit hard with foreclosures. A deficiency judgment is an order … Continue reading

Posted in Bankruptcy Law | Tagged , , , , , , | Leave a comment

Short Sales – Can the Bank Still Come After You for the Deficiency?

This year has brought some significant changes to the rights of lenders participating in short sales. In January 2011, a new California law was passed (SB 931) which required residential (1-4 units) lenders in first position who agree to accept … Continue reading

Posted in Business law | Tagged , , , , , | Leave a comment