Legal Question in Real Estate Law in California

Re: forclosures

Generally, no. If the bank forecloses on its deed of trust on your house, your debt to the bank is paid via that foreclosure. The bank cannot get the deficiency with a nonjudicial foreclosure (the typical foreclosure that starts with Notice of Default, then Notice of Trustee's Sale, and then the Foreclosure Sale). However, if the bank pursues a judicial foreclosure (through the court), then they can get a deficiency judgment (i.e., make you personally liable for whatever amount the sale of your house does not cover).