Re: Can a 2nd Go After You After Foreclosure
Posted by NJD on July 12, 2008 at 04:53:26:
In Reply to: Can a 2nd Go After You After Foreclosure
Posted by Jen on July 11, 2008 at 21:13:05:
Anywhere else I'd say, yes. In California? If the second mortgage loan was used to purchase the property (piggy-back loan) and the property was owner occupied... the holder of the second may have no recourse against your friend. For the definitive answer, visit www.spoch.org, click on "predatory loans"
and then click on "Legal Services" for California. Your friend can contact a local chapter and ask for a review of the loan documents.
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