Recession Amendments to California’s Anti-Deficiency Laws

During the recent recession, California’s legislature has amended the real estate anti-deficiency laws in the Code of Civil Procedure in three important ways: No Deficiency Judgment for Approved Short Sales: SB 931 added subsection "e" to CCP Section 580, which prohibited any first lender who approved a short sale from obtaining a deficiency judgment against the seller.  Subsequently, the enactment of SB 458 provided that any home mortgage lenders who approved short sale transactions, which ...
June 6, 2014 by Larry in Featured Articles
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Central Valley Development Opportunities

Regal Properties, and its affiliate, Capital Real Estate Solutions LLC (“CRES”), desire to align with one or more capital partners for the purpose of acquiring completed, partially completed, and in-fill, entitled, detached, single-family home subdivisions. Our team has a unique ability to find and acquire attractive land opportunities. After acquiring from a local bank a small completed subdivision in Kerman (suburb of Fresno), we began exploring the Central Valley market more thoroughly. We strongly believe the ...
June 5, 2014 by Larry in Hot Opportunities
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