Industry NewsMortgage

Calif. short-sellers avoid deficiency judgments

Governor rejects related bill for homeowners who refinance
Published on Oct 7, 2010

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by CareyBot

California Gov. Arnold Schwarzenegger has signed into law a bill that protects homeowners who get their lender's approval for a short sale from deficiency judgments, but vetoed related legislation that would have extended similar protections to homeowners who have refinanced their mortgage.

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