Monthly Archives: June 2010

The Purchase Agreement Arbitration Provision

The standard form residential purchase agreement published by the California Association of Realtors (“CAR”), was updated in October 2002. The Purchase Agreement adopted The Federal Arbitration Act (“FAA”) procedural provisions. Until recently, parties have interpreted this provision to mean that … Continue reading

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Short Sales and Deficiency Judgments

As declining residential property values are starting to stabilize, mortgage lenders are approving more Short Sales as an alternative to foreclosure.  A homeowner may elect to pursue a Short Sale when the fair market value of the property is less … Continue reading

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