House Bill preventing deficiency lawsuits pursued by banks 2 years post short sale transactions.
What Rep Matt Wingard is trying to do, is make short sales easier, less scary for the home owner, and then ultimately it will lead to less foreclosures.
If the home owner and the banks find a happy ground to sell homes in the short sale arena, we will have far less vacant, distressed, liabilities on our hands, that are tearing down our state's housing values. Of course, the job market, the mortgage shrinkage, and overall supply and demand hurts too, but we don't need extra fear added to the equation. Every bit of consumer confidence helps.
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