Legal Question in Real Estate Law in California

Can lender file deficiency judgement after loan modification period.

My loan was once modified for a period of 3 years. This year, my rate is going up, in addition to that, a balloon payment is due this year. I can not pay, neither can I sell the house to make the balloon payment. If I walk away, can lender sue me for a

deficiency judgement?


Asked on 9/27/09, 2:00 am

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Yes.

Read more
Answered on 9/27/09, 6:20 pm


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