Short sales have steadily been increasing throughout California. A short sale al…
Short sales have steadily been increasing throughout California. A short sale allows a property owner facing foreclosure to pay the lender an amount of money less than the full amount of the debt. In exchange, the lender relieves the owner of any further responsibility under the mortgage. When property is subject to a short sale, a common question is: What happens to renters who are occupying the property? California law recognizes the importance of a renter's rights, but there are limits to…
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