Asked by Teufelhunden, Coronado, CA • Thu Dec 2, 2010
Does SB 931 apply to rental properties as it does to primary residences after Jan 1, 2011? We have an offer for our rental property (short sale) that Chase wants to close by Dec 29, 2010 and the letter says that we will still be responsible for deficiency balances. Sounds like they want to have the option to collect from us and are trying to beat the deadline before SB 931 goes into effect.
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