Re: CA Foreclosure Question for Julio
Posted by Bill H on April 23, 2008 at 18:44:12:
In Reply to: CA Foreclosure Question for Julio
Posted by David on April 23, 2008 at 07:57:32: Re-Financing the loan may very well make it a "Non-Purchase Money Loan" and subject to judicial foreclosure.
Purchase money in CA is normally construed as the original loan to acquire the property.
However, I would say that chances of a judicial foreclosure are slim. It just takes too long and costs too much...unless...the stakes are extremely high.
Follow Ups:
