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July 25, 2013: Homeowner Victory in Case with NHLP Amicus Brief

In Coker v. JP Morgan Chase, NHLP and Housing and Economic Rights Advocates submitted an amicus brief in support of the homeowner’s position that California’s purchase money anti-deficiency protections apply to short sales. This means the bank cannot go after the homeowner for the difference between the short sale price and the unpaid principal balance of the loan. The California Court of Appeals agreed with NHLP’s position -California anti-deficiency protections apply regardless of sale method.

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