Home Equity Loan
Does California Section 580b Anti-Deficiency Protection apply to loans that been sold to another lender?
If a borrower took a 80/20 loan but the 2nd (20) loan has been sold to another bank, does California Section 580b Anti-Deficiency Protection still apply? "NO" refinancing or home equity credit has been taken. Basically, the 80/20 loan is "Purchase Money".
Public Comments
- Your good.
- yes, sir!!! God Bless California! see:http://www.stimmel-law.com/articles/CA_AntiDeficiency_Statue_ProtHomeOwnMonJudge.html
