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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The CA one action rule prohibits deficiency Posted by David on August 14, 2003 at 9:13 AM In Reply to: Deed-in-lieu details... posted by Ward-CA- on August 13, 2003 at 9:24 PM Ward, It doesn’t matter if the loan has recourse or not, if the lender forecloses under the power of sale clause in the TD (which almost all do), there’s no deficiency allowed...that's my understanding. So, the lender cannot come after any asset other than the house. Dave Follow Ups: Judicial vs non-judicial foreclosures Ward-CA- 3:09 PM, 08/14/03 (1) Re: Judicial vs non-judicial foreclosures David 5:01 PM, 08/14/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : It doesn’t matter if the loan has recourse or not, if the lender forecloses under the power of sale clause in the TD : (which almost all do), there’s no deficiency allowed...that's my understanding. : So, the lender cannot come after any asset other than the house. : Dave Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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