PDA

View Full Version : Foreclosure with recourse loan and Bankruptcy?


PraiseHim
Aug 9, 2008, 02:56 PM
In California can a lender seek a deficiency judgement on a recourse 1st and 2nd mortgage using non-judical foreclosure process?

If they can, will filing bankruptcy discharge the deficiency?

ladyjerusalem
Aug 12, 2008, 04:30 AM
I didn't know the answer to your question, but I did find a good reference here that outlined California foreclosure law: California Foreclosure Laws (http://www.realtytrac.com/foreclosure-laws/California-foreclosure-laws.asp).