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Ok, found it

November 13, 2011 07:44PM
CCP 580b protection will apply to all purchase money loans regardless of their priority. Therefore, it will apply to loans secured by a second priority or a third priority lien as long as the proceeds of the loans were used to finance the purchase of the real property which is encumbered.

Above from the calbankers assoc. So as long it's purchase money and primary residence, it's exempt from a def. judgment. Thanks for the informative thread.
Subject Author Views Posted

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

Thamann2000 4447 November 13, 2011 01:16PM

Def. judgment geeks pls chime in

Kristine-CA 2983 November 13, 2011 02:52PM

Re: Def. judgment geeks pls chime in

Kingside 2997 November 13, 2011 05:16PM

Re: Def. judgment geeks pls chime in

Thamann2000 2961 November 13, 2011 05:59PM

Re: Def. judgment geeks pls chime in

Kristine-CA 2932 November 13, 2011 07:22PM

Ok, found it

Kristine-CA 3018 November 13, 2011 07:44PM

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

Rick Harmon 3101 November 13, 2011 02:55PM

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

Thamann2000 3064 November 13, 2011 03:03PM

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

BTI 3105 November 14, 2011 07:50PM

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

Kristine-CA 3067 November 14, 2011 09:43PM

I called "the source" and got this reply...

Rick Harmon 3159 November 16, 2011 09:52AM

Re: I called "the source" and got this reply...

Kingside 3041 November 16, 2011 12:02PM



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