One of the articles Patrick has linked is regarding California bill SB 458, which bars junior lien holders from seeking deficiencies after a short sale.
I read through the wording of the bill and it doesn't state whether or not this is retroactive at all.
I short-sold in 2008, with the junior lien holder getting 50%. I've had several collection agencies come after me in the ensuing years.
Will SB 458 bar them from going after me further, or is this new law only for future short sales?
One of the articles Patrick has linked is regarding California bill SB 458, which bars junior lien holders from seeking deficiencies after a short sale.
I read through the wording of the bill and it doesn't state whether or not this is retroactive at all.
I short-sold in 2008, with the junior lien holder getting 50%. I've had several collection agencies come after me in the ensuing years.
Will SB 458 bar them from going after me further, or is this new law only for future short sales?
Thanks