InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Owner liable after trustee sale Posted by Kristine-CA on May 05, 2009 at 10:38 PM In Reply to: Owner liable after trustee sale posted by Kim on May 05, 2009 at 3:24 PM Is your mortgage purchase/acquisition money? Or is for refinance? Big difference as mortgage deficiencies are only allowed for non purchase money in CA. How far along in the process are you? If the lender has filed a notice of default and the goes forward with trustee's sale, the sale is 100% non-judicial.....which doesn't allow for the lender to pursue a deficiency judgement (difference between what you owe and trustee's sale amount). Kristine : I have a mortgage in California with Wamu- Chase. Would I be liable for the difference after the trustee sale if the house sells for less than I owe? Thank you. k Follow Ups: Re: Owner liable after trustee sale Kim 9:41 AM, 05/06/09 (1) Re: Owner liable after trustee sale BTI 9:55 PM, 05/14/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Is your mortgage purchase/acquisition money? Or is for refinance? Big difference as mortgage deficiencies are only allowed for non purchase money in CA. How far along in the process are you? If the lender has filed a notice of default and the goes forward with trustee's sale, the sale is 100% non-judicial.....which doesn't allow for the lender to pursue a deficiency judgement (difference between what you owe and trustee's sale amount). Kristine : : I have a mortgage in California with Wamu- Chase. Would I be liable for the difference after the trustee sale if the house sells for less than I owe? Thank you. k [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455