Legal Question in Real Estate Law in California
Do the California anti-deficiency laws apply equally to commercial property, wherein the first noteholder (private) obtains all monies on the note from a foreclosure/auction but the second (the SBA) gets nothing?
Asked on 8/26/09, 2:06 pm
1 Answer from Attorneys
Larry L. Doan
Law Office of Larry L. Doan
No, the anti-deficiency only applies to residential properties of four units or less.
Answered on 8/26/09, 3:37 pm
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