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To: Quaker

Aren’t home mortgages non recourse in California, i.e., owners can walk w/o being liable for any deficiency?


6 posted on 05/22/2008 5:04:21 AM PDT by Loyal Buckeye
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To: Loyal Buckeye

Yes, IIRC.

It’s one of the few states with this “loophole”.


8 posted on 05/22/2008 5:17:08 AM PDT by SJSAMPLE
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To: Loyal Buckeye

I wouldn’t doubt it.

The basis of “liberalism” is not being responsible for your behaviors and choices.


23 posted on 05/22/2008 7:57:26 AM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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