Re: California Judicial/Non Judicial concern


Posted by Jim V on January 25, 2009 at 19:34:14:
In Reply to: Re: California Judicial/Non Judicial concern
Posted by Mike on January 25, 2009 at 15:47:47:I don't think judicial foreclosure is any kind of concern in your situation of California purchase money loans. What is possible, with many mixed opinions on how it may play out, is foreclosure on the first, leaving the second as an unsecured debt similar to a credit card. That second, or the entity purchasing that second might very well try to collect even to the point of seeking a judgment. Bankruptcy is fairly common when a person has unsecured debts that cannot be repaid.


Follow Ups:

-->

Current Discussion

2008 Archives

2007 Archives

Earlier Archives