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.