The anti-deficiency protections of California foreclosure real estate law hold that “purchase money” non-recourse loans that were refinanced before January 1, 2013, transform into “recourse” loans on a refinance. Non-recourse loans that were refinanced (not including a “cash out refinance“) after January 1, 2013, maintain their non-recourse status and do not change into recourse loans. Any refinanced loan in which Borrower takes “cash out” is subject to a Lender seeking a deficiency judgment via Judicial Foreclosure regardless of when (before or after January 1, 2013) Borrower refinances.
什么时候买的房子?refinance过吗?
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• Thank you for the info -fox97- ♂ (0 bytes) () 01/06/2020 postreply 00:38:00