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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No immunity with the refi... Posted by Ward-CA- on December 11, 2003 at 9:33 PM In Reply to: Deficiency Rules??? posted by frankCA on December 10, 2003 at 8:14 PM : Hi Ward : Thanks for your thoughtful December, 03 article, "CA Foreclosure Deficiency Rules." : You make me think how it fits the millions of us in CA who have paid off our original purchase money home loans with the funds from a refinanced (lower interest rate) loan. Is this refi loan also protected from a deficiency judgment by the Purchase Money Rule? : P.S. Is that one of your grandchildren in the Merry Christmas banner picture? =============== Frank, No, a refi loan is not made at the time of purchasing the property, so it doesn't qualify as a non-deficiency, purchase money loan. What a kidder!! You can't tell me you've forgotten Norise—the power behind it all. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward : : Thanks for your thoughtful December, 03 article, "CA Foreclosure Deficiency Rules." : : You make me think how it fits the millions of us in CA who have paid off our original purchase money home loans with the funds from a refinanced (lower interest rate) loan. Is this refi loan also protected from a deficiency judgment by the Purchase Money Rule? : : P.S. Is that one of your grandchildren in the Merry Christmas banner picture? : =============== : Frank, : No, a refi loan is not made at the time of purchasing the property, so it doesn't qualify as a non-deficiency, purchase money loan. : What a kidder!! You can't tell me you've forgotten Norise—the power behind it all. 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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