Legal Question in Credit and Debt Law in California

Assuming the foreclosure sale did not yield sufficient funds for its payoff, the credit line would normally remain due. It would be advisable to explore options for its settlement, such as through a federal bankruptcy filing; you may wish to consult with a bankruptcy attorney in your area.

This answer (by San Diego bankruptcy attorney, Asaph Abrams) doesn�t address all facts & implications of the question; it�s general info, not legal advice to be relied upon. It creates no attorney-client relationship; it may be pertinent to CA and/or its Southern District Bankruptcy Court only, and it�s independent of other answers. It may be time sensitive, as in past the �Use by� date: laws and case law change. Hire legal counsel before acting or refraining from bankruptcy/legal action. www.BankonitSD.com