Residual Debt After Short Sale Of Residential Property [SB-667]
Prohibits a lender from filing an action for a deficiency judgment following a short sale of residential property if the lender reports to the IRS it has cancelled all or part of the borrower's debt and provides the borrower with a copy of the report.
SB-667: Residual Debt After Short Sale Of Residential Property
Sponsored by: Sen. James Sheehan
Committee Recommended Measure Be Held For Further Study on 04/11/2017
You have voted HB-1210: Provide for the sale of certain surplus real estate located in Minnehaha County and to provide for the deposit of the proceeds..
You have voted HB-1208: Provide for the sale of certain surplus real estate at the South Dakota Veterans' Home and to provide for the deposit of the proceeds..