SB 1228: Short Sale Debt Relief
GENERAL BILL by Soto
Short Sale Debt Relief; Creating the “Short Sale Debt Relief Act”; providing that a debtor does not owe a deficiency to a lienholder related to an eligible real property sold pursuant to a bona fide short sale if an offer is received by a debtor within a specified time period and under specified conditions; requiring a lienholder to approve the short sale of property and execute any document necessary to close the sale within a specified time period if a debtor procures a buyer who makes an offer in writing equal to the fair market value of the eligible property, etc.
- Judiciary (JU)
- Banking and Insurance (BI)
SB 1228, Original Filed Version (Current Bill Version) Posted 2/27/2013 at 8:09 AM
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