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Re: 80/20 in ca 580b nightmare won't end

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Rick Harmon

November 13, 2011 02:55PM

Registered: 12 years ago
Posts: 126

The point that you did not reveal was whether these loans were purchase money. If so, you are right; anti-deficiemcy statute protects you.

However, if NOT purchase money, lender/creditor has several options. If senior, they could foreclose judicially, but that's unlikely. If junior, they could either abandon the security or let the first foreclose them out, then seek a money judgment (AJ) for the amount of the 2nd.

Other thoughts? Plays? Opportunities? After all, this is an investor forum.

RicktheProbateGuy.com | Closeprobate.com

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Subject	Author	Views	Posted
80/20 in ca 580b nightmare won't end	Thamann2000	4052	November 13, 2011 01:16PM
Def. judgment geeks pls chime in	Kristine-CA	2668	November 13, 2011 02:52PM
Re: Def. judgment geeks pls chime in	Kingside	2780	November 13, 2011 05:16PM
Re: Def. judgment geeks pls chime in	Thamann2000	2647	November 13, 2011 05:59PM
Re: Def. judgment geeks pls chime in	Kristine-CA	2673	November 13, 2011 07:22PM
Ok, found it	Kristine-CA	2758	November 13, 2011 07:44PM
Re: 80/20 in ca 580b nightmare won't end	Rick Harmon	2744	November 13, 2011 02:55PM
Re: 80/20 in ca 580b nightmare won't end	Thamann2000	2684	November 13, 2011 03:03PM
Re: 80/20 in ca 580b nightmare won't end	BTI	2861	November 14, 2011 07:50PM
Re: 80/20 in ca 580b nightmare won't end	Kristine-CA	2739	November 14, 2011 09:43PM
I called "the source" and got this reply...	Rick Harmon	2767	November 16, 2011 09:52AM
Re: I called "the source" and got this reply...	Kingside	2676	November 16, 2011 12:02PM

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