CA Foreclosure Question for Julio
Posted by David on April 23, 2008 at 07:57:32: Dear Julio,
I noticed your reply regarding a purchase money loan in CA per copy below, but no comment regarding the position
faced in a foreclosure situation in CA for a refinanced 1st only loan that bought out a second and left only
one loan, a 1st, on the property. Can there be repercussions from the bank under these circumstances?
Posted by Julio Martinez-Clark on February 15, 2008 at 09:30:28:
In Reply to: Re: Do I need a lawyer for foreclosure? CA
Posted by sade on February 15, 2008 at 08:40:38:
Sade,
Your reading of the law is correct. If it's a purchase money loan in CA, then the bank's only recourse is to foreclose on the property.
Julio Martinez-Clark
Follow Ups:
- Re: CA Foreclosure Question for Julio - Bill H 18:44:12 04/23/08
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- Re: CA Foreclosure Question for Julio (url) - Julio Martinez-Clark 16:07:17 04/23/08
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