Thursday, November 25, 2010

I bought a house with a loan of 80 20 I have a second mortgage as a deposit If I go into foreclosure I can not for a

I bought a house with a loan of 80/20, I have a second mortgage as a deposit. If I go into foreclosure, I can not for a second mortgage to get sued? I have heard that when I got home that I can be sued by the bank not to buy them. I live in California. So I may be prosecuted? Leroy is a real estate attorney to see this response. At this stage it does not go for 2nds to buy a home in California. Yes, and no.This is in California, where laws are not clear. The law protects two.thus mortgage.you a first problem. Courts in California is back and forth with it.as some states that if one took his second of the two loans are not protected.

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