High-Asset Homeowners: Why Hiring a CA Realtor for a Short Sale is a Legal Risk
Автор: Listing Attorney | John McConnin
Загружено: 2026-01-24
Просмотров: 10
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TL;DR: If you have personal assets, savings, or a business, hiring a traditional Realtor to handle your California short sale is a massive legal risk. Most agents will tell you to "fudge" a hardship package, which can expose you to mortgage fraud and void your CCP 580e protections. As an Attorney-Broker, I explain how to negotiate a "No-Financials" exit using Investor Logic and the 12-month California foreclosure timeline.
In This Video:
The Hardship Trap: Why "making yourself look weak" on paper is dangerous for homeowners, particularly self-employed homeowners.
The 580e Fraud Exception: How lying to a bank can lead to post-sale collections and lawsuits.
Fiduciary Leverage: How we force investors to accept a Deed in Lieu or Short Sale by proving that a 12-month foreclosure in California is a worse financial move for them.
Deed in Lieu and Attorney Negotiated Short Sale - Renters and cash-for-keys and occupancy strategies to stay in control.
Author Information: John McConnin | [email protected] | San Diego, CA Broker = Attorney | DRE # 01445675 | State Bar # 154852 Learn more at: UpsideDownRealEstate.com
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