Thursday, November 25, 2010

I bought a house with an 80 20 loan I have a second mortgage as a down payment When I go into foreclosure I can

I bought a house with an 80/20 loan, I have a second mortgage as a down payment. When I go into foreclosure, I can second mortgage is charged? I have heard that when I take him to the house that I can be sued by the bank to buy them. I live in California. Also what can I be sued? Leroy find a real estate lawyer to answer. Today they will not 2nds a home in California now. Yes and No, this is where California law is unclear. The law protects you in the first mortgage.you two.thus problem. Judge in California has been back and forth with it.as claim certain that if you took his second of the two loans are not protected.

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