Re: implications of foreclosure on 2nd trust deed
Posted by Bob Gray on July 23, 2008 at 11:09:53:
In Reply to: Re: implications of foreclosure on 2nd trust deed
Posted by NJD on July 22, 2008 at 14:09:58:
If a moragage go into a Forclosure, it is my understanding the the deficiency on the original note is not collectable due to the "one action rule."
What about the second Trust Deed and note. Can the holder of this 2nd note suit and collect on the deficiency second note.
Bob Gray
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