Re: Investment Property in Jeopardy

Posted by Nick(Colorado) on October 20, 2006 at 07:37:17:

In Reply to: Investment Property in Jeopardy posted by May on October 19, 2006 at 19:31:20:

May:

Q1: California does not allow for a deficiency on a
purchase money loan. Other loans, such as a HELOC
could result in a deficiency

Q2: Seek a renter, sale, short sale, or DIL, in that
order. This will be difficult by remote control.

Q3: A bunch, maybe 150, 200 points. However the markets
in California will be yielding many foreclosures
in the next couple of years, you will have company.

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Comments:
: May:

Q1: California does not allow for a deficiency on a 
    purchase money loan. Other loans, such as a HELOC
    could result in a deficiency 
    
Q2: Seek a renter, sale, short sale, or DIL, in that 
    order. This will be difficult by remote control.

Q3: A bunch, maybe 150, 200 points. However the markets
    in California will be yielding many foreclosures
    in the next couple of years, you will have company.

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