Legal Updates

Avoiding Lender Fraud

The recent cooling of the residential real estate market in most areas of the state has created a new opportunity for those inclined to defraud their lenders.  We have seen buyers making offers that exceed the listing price and then requesting a credit to be refunded back to the buyers.  The credit is usually equal to or slightlyRead More

Short Sale Deficiencies

On January 1, 2011, the California Civil Code Section 580e was enacted. This statute prohibited a First Trust Deed lender from receiving a deficiency judgment against a short sale seller of 1 to 4 residential unit properties. Through the efforts of C.A.R. on July 15th of the same year, the statute was broadened to includeRead More

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