Legal Question in Real Estate Law in California

Your judgment remains even after foreclosure. If the house is foreclosed and has no equity, you would get noting, but you can still go after other assets, income of the debtor (unless he files bankruptcy). It might be worth accepting half, you need to get more information from the agent as to what being sold for, equity, etc.

Foreclosure doesn't "wipe out" all debts. A foreclosure by trustee's sale usually wipes out the debt secured by the particular deed of trust being foreclosed, and can also turn other junior liens into unsecured obligations. So, it's more accurate to say the foreclosure wipes out your collateral, but before even concluding this you might want to contact the foreclosure trustee to get a recap of who got paid. More lilkely than not htere wasn't enough money from the sale to pay you, but it's worth asking. You remain an unsecured creditor. Whether to accept 50% is a business decision for you.

I agree with Mr. Whipple. The foreclosure wipes out your lien on that particular property. The reason for this is that the foreclosure conveys title as it stood at the time the deed of trust was executed, which was prior to your recorded abstract of judgment. It sounds as though there are excess proceeds from the foreclosure sale, which may only partially cover your judgment.

But your judgment itself is not wiped out, and would attach any property the judgment debtor purchased in the county where it was recorded.