Legal Question in Banking Law in California
Can the banks come after you for the balance on a 1st after they have foreclosed?
Asked on 2/22/10, 1:21 am
2 Answers from Attorneys
It depends. If it was not a purchase money loan, and they go to court to foreclose, then yes. If it was a purchase money loan, or they use the faster and easier trustee's sale to foreclose, then no.
Answered on 2/27/10, 7:55 am
James Bame
San Diego Law Office
I would need to review the documents. Contact me directly.
Answered on 2/27/10, 10:13 am
Related Questions & Answers
-
I'm a check cashing place who cashed a third party check and was returned from the... Asked 1/27/10, 12:23 am in United States California Banking Law
-
Being sued for credit card debt after filing an answer (filed a lame one didn't... Asked 1/14/10, 11:48 pm in United States California Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
