Newport Beach Real Estate Attorney - Sussman & Associates

Newport Beach Real Estate Attorney - Sussman & Associates Founded in 1977, we are a boutique law firm with offices in Newport Beach, Beverly Hills, and Palm S

06/06/2026

How Did Timeshare Relief Start?

Early post 2008 timeshare relief efforts focused on helping owners exit obligations through assignment based systems that matched willing owners with new parties. Major companies in that period operated under a relief branding approach, often handling paid in full deeded properties through structured transfer style programs.

Click the bio link to listen to the full episode.
https://bio.link/mitchellsussman

06/06/2026

Mortgage Deficiency After Foreclosure

A deficiency happens after a foreclosure when the sale of the home does not fully cover the remaining mortgage balance. The lender may pursue the homeowner for the difference between what the property sold for and what was still owed on the loan, depending on the laws that apply in the situation.

Watch the full episode here: https://youtu.be/JizPDGUHOaU?si=R_0oiY3tkBkgIs0T

06/06/2026

Who Should Handle Short Sale Negotiations

Homeowners can technically negotiate a short sale on their own, but it is strongly recommended to involve a real estate professional or attorney experienced in short sales. These experts can carefully review the documents and help identify key risks, such as whether the homeowner may still be responsible for any remaining loan balance. Having professional guidance helps ensure the terms are clearly understood before agreeing to the sale.

Watch the full episode here: https://youtu.be/BZi-wQiPX34?si=VAyu2eeVPNSr6cEK

06/05/2026

Difference Between Loan Types Explained

A purchase money loan is the original mortgage taken out to buy a home, where the funds are used directly for the property purchase. A non purchase money loan is a separate loan secured by the home after purchase and used for other expenses like vehicles, credit card debt, or personal costs. Anti deficiency protections generally apply to purchase money loans, while non purchase money loans may not receive the same legal protection.

Watch the full episode here: https://youtu.be/JizPDGUHOaU?si=R_0oiY3tkBkgIs0T

06/05/2026

How Did Timeshare Relief Work?

Around the post 2008 mortgage crisis period, companies focused on helping owners leave timeshare agreements through assignment and transfer arrangements. One major firm operated like a matchmaking service, connecting willing owners with parties ready to assume paid in full deeded properties, reflecting early industry branding centered on relief based services.

Click the bio link to listen to the full episode.
https://bio.link/mitchellsussman

06/05/2026

HELOC Loans and One Action Rule Explained

A home equity line of credit, or HELOC, is a loan taken after buying a home that lets the homeowner borrow against equity for expenses like cars, credit card debt, or travel. These loans are generally not protected by anti deficiency statutes. In California, the one action rule limits a lender to either foreclosing or suing for repayment, and in most cases, lenders choose foreclosure, which can affect how HELOC debt is treated depending on the situation.

Watch the full episode here: https://youtu.be/JizPDGUHOaU?si=R_0oiY3tkBkgIs0T

06/05/2026

Careful Review of Short Sale Terms

Short sales can come with serious hidden obligations if the paperwork is not reviewed carefully. Many agreements include language that allows the lender to hold the homeowner responsible for the remaining balance after the property is sold for less than the loan amount. This means the difference between the sale price and the original mortgage may still be owed, making it critical to fully understand all terms before agreeing to a short sale.

Watch the full episode here: https://youtu.be/BZi-wQiPX34?si=VAyu2eeVPNSr6cEK

06/04/2026

What Walk Away Really Means

Walking away refers to a situation where a homeowner leaves a property and may no longer continue paying the mortgage, depending on legal rules and lender actions. It often happens when staying in the home no longer makes financial sense or is not possible. A home is considered underwater when the mortgage debt is higher than the property’s market value, such as owing 400,000 dollars on a home worth 300,000 dollars, leaving a negative equity gap of 100,000 dollars.

Watch the full episode here: https://youtu.be/JizPDGUHOaU?si=R_0oiY3tkBkgIs0T

Mitchell Sussman helped shape the timeshare exit industry long before most people even knew it existed. What started as ...
06/04/2026

Mitchell Sussman helped shape the timeshare exit industry long before most people even knew it existed. What started as a conversation on a beach became a movement that changed how owners fight back.

Click the bio link to listen to the full episode.
https://bio.link/mitchellsussman

06/04/2026

California Anti Deficiency Statutes Explained

In California, anti deficiency statutes protect homeowners by limiting a mortgage company’s ability to sue for the remaining loan balance after a foreclosure sale. When a property is sold for less than what is owed, the lender usually cannot pursue the borrower for the difference, known as the deficiency, if certain conditions are met. These protections generally apply when the home is owner occupied and the loan is purchase money tied to the property.

Watch the full episode here: https://youtu.be/JizPDGUHOaU?si=R_0oiY3tkBkgIs0T

Address

2901 W Coast Highway
Newport Beach, CA
92663

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+18002338521

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