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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Lending to owners in foreclosure Posted by Ward-CA- on December 23, 2003 at 0:31 AM In Reply to: Lending to forclosures posted by La Wayne on December 22, 2003 at 11:12 PM : Is it legal to lend money to someone in foreclosure and carry that note as a second trust deed? ================== La Wayne, Yes, you can make a secured loan in 2nd place to someone whose home is in foreclosure, but you have to be mindful of the requirements of CA's predatory lending law that applies to a foreclosure situation. Follow Ups: Re: Lending to owners in foreclosure lcm-CA 1:25 PM, 12/30/03 (1) Predatory lending law reference Ward-CA- 1:06 AM, 12/31/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Is it legal to lend money to someone in foreclosure and carry that note as a second trust deed? : ================== : La Wayne, : Yes, you can make a secured loan in 2nd place to someone whose home is in foreclosure, but you have to be mindful of the requirements of CA's predatory lending law that applies to a foreclosure situation. 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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