help!!! CA deficiency judgement
Posted by worried homeowner on December 19, 2007 at 16:07:59:
Bought a townhouse in '06 at CA for $440K (with 1st mortgage for 340K, as purchased loan & 2nd loan for 100K). Currently, same townhouse for sale in the area is selling for $359K, which means - most likely I don't have any equity. My rate will reset soon & won't be able to afford the new mortage amt. If I do foreclosure or short sale (for sure less than the loan amount 440K), can there be a deficiency judgement against me? Please help. This is driving me insane. Thank you.
Follow Ups:
- Re: help!!! CA deficiency judgement - ggraham 15:47:36 02/03/08
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- Re: help!!! CA deficiency judgement - MDRealest8 22:01:38 12/25/07
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- Re: help!!! CA deficiency judgement - worried homeowner 14:53:37 01/08/08
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- Re: help!!! CA deficiency judgement - E.C. 13:15:27 12/23/07
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- Re: help!!! CA deficiency judgement - rick 07:52:35 12/21/07
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- Re: help!!! CA deficiency judgement - rick 17:22:29 01/08/08
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- Re: help!!! CA deficiency judgement - Lee 20:34:11 02/04/08
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- Re: help!!! CA deficiency judgement - wooried homeowner 14:07:46 01/08/08
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- Re: help!!! CA deficiency judgement - RICK 17:05:58 01/08/08
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- Re: help!!! CA deficiency judgement - jim 21:36:29 12/19/07
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- Re: help!!! CA deficiency judgement - miguel991 10:03:43 12/28/07
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- Re: help!!! CA deficiency judgement (url) - jim 14:10:43 12/28/07
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- Re: help!!! CA deficiency judgement - worried homeonwer 14:04:41 01/08/08
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- Re: help!!! CA deficiency judgement (url) - Julio Martinez-Clark 20:10:31 12/19/07
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- Re: help!!! CA deficiency judgement - worried homeowner 14:54:25 01/08/08
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- Re: help!!! CA deficiency judgement - Julio Martinez-Clark 15:16:32 01/08/08
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