Thursday, November 25, 2010

I bought a house with a loan of 80 20 I used a second mortgage on the warehouse If I go into foreclosure can be

I bought a house with a loan of 80/20, I used a second mortgage on the warehouse. If I go into foreclosure can be treated for the second mortgage? I've heard since I came to buy the house can not be processed by the bank for him. I live in California. So you can be sued for? Leroy Real Estate Lawyer View this reply. Now do not go after taking 2nds to buy a home in California. Yes and no.This are in California, where laws are not clear. The law protects you in the first mortgage.you two.thus problem. CA courts will again it.as some say that if you put two loans, the other is not protected.

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