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Foreclosure Forum |
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Re: when did california choose to be a trust deed stateIn Reply to: when did california choose to be a trust deed state posted by BigRedMachine on November 21, 2009 at 1:07 PM I hope Rick or Ward chimes in. I think the phrase "trust deed state". is the problem. There is CA law addressing both trust deeds and mortgages. Mortgages are less common but they do exist in CA. I'd be interested to hear there is actual law that makes it so that lenders must use trust deeds to secure promissory notes.
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