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Sunday, July 31, 2011
Will California's New Anti-Deficiency Law Hurt Short Sales ...
[unable to retrieve full-text content]Legal and Tax Updates. Just another Real Estate Marbles Network site ... The new law only affects real estate of one to four units, and will have no impact on short sale transactions with bare land or commercial property, such as apartments , office buildings or retail locations. In essence, the law states that if a junior lender accepts any money to release its lien against the property, it will be deemed to have executed a non-judicial foreclosure of the ...
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