California Supreme Court Ruling is an Important Win for Homeowners | Mandelman Matters

``Next, the bank took the case to the California Supreme Court, arguing that since the facts of the case applied to the pre-2012 version of §580b, the anti-deficiency protections should only apply in cases where a foreclosure sale had taken place.  However, just a few days ago, the California Supreme Court unanimously ruled against the bank's arguments... and ruled in favor of the homeowner [prohibiting the bank from seeking deficiency amounts from a short sale from the homeowner]... It seems to me that this is an important victory for California's homeowners, especially since the foreclosure crisis is nowhere near over in this state... but not all legal experts agree. ''