The McMillan Law Group is proud to be part of the Liberty Station Development. We are located at the corner of Historic Decatur and Roosevelt Road in the heart of Liberty Station Point Loma next to the Flag.
Senate Bill 458 has passed and now provides that a second mortgage lien holder who agrees to a short sale of the property over which they hold a lien, can no longer pursue the Borrower for the deficiency.
In the state of California, when a business is shutting down, the Secretary of State requires that an officer of the Corporation sign on to be responsible for the debts of the company. This leaves many small business owners wondering what is the point?
When considering whether or not to remove the lien over a residence held by a 2nd mortgage or HELOC, there are several important factors to consider.
In order to remove the second lien, the house or residence must appraise at a value that is less than the value of the lien held by the first mortgage.
Active duty military persons and defense industry people are often required to have a security clearance for their jobs.