Ask Real Estate Attorney Ted Greene

Short Sale and Distressed Property Expert

Category: Short Sale

Short Sales are Finally a Short Sale

Short Sale Bill To Help Halt Foreclosures

A proposed bill, AB 1745, will prevent lenders from pursuing a foreclosure simultaneously while an approved short sale is active.

Currently, there are lenders who will keep the foreclosure process active, side by side with a short sale. Foreclosure and bill collecting departments will call the borrowers, demanding pay, and daunt them with the foreclosure date. There have also been situations where during a short sale process, if the foreclosure date nears, the lender will automatically foreclose on the property. Many times, the problem is that different departments don’t communicate with each other; the foreclosure department will keep foreclosing, while the short sale department will keep on pursuing a short sale. Read the rest of this entry »


The Mortgage Debt Forgiveness Relief Act is Extended for One Year

Should I Walk Away from My Mortgage?

S.B. 931 Bans Deficiency on First Mortgages After a Short Sale

Is There Really a Housing Recovery Afoot?

Short Sale Attorney – Should You Talk To An Attorney About Your Short Sale Plans?

Is the Current Housing Recovery Sustainable?

Short Sale Tax Forgiveness Extension

What if Your Short Sale is NOT Concluded by the End of the Year?