Comments on: Predicted That Millions Of Homeowners Are Considering…Just Walking Away. http://timandjulieharris.com/2008/05/13/predicted-that-millions-are-consideringjust-walking-away/ Real Estate Coach, Realtor Coaching, Real Estate Investors, Real Estate Scripts and techniques for this market. Mon, 08 Sep 2008 00:41:08 +0000 http://wordpress.org/?v=2.6 By: John McConnin http://timandjulieharris.com/2008/05/13/predicted-that-millions-are-consideringjust-walking-away/#comment-521 John McConnin Thu, 15 May 2008 20:31:33 +0000 http://timandjulieharris.com/2008/05/13/predicted-that-millions-are-consideringjust-walking-away/#comment-521 As a public service announcement to California residents please note.. California is not soley a non recourse state - whatever that means. Purchase money loans may be "non recourse"... see California Code of Civil Procedure 580b. However, refinanced loans are most likely RECOURSE loans. And plenty of sold out junior lien holders with recourse loans can and do go after people for loan balance deficiency. John McConnin Licensed Attorney and Realtor in CA and FL As a public service announcement to California residents please note..

California is not soley a non recourse state - whatever that means.

Purchase money loans may be “non recourse”… see California Code of Civil Procedure 580b.

However, refinanced loans are most likely RECOURSE loans. And plenty of sold out junior lien holders with recourse loans can and do go after people for loan balance deficiency.

John McConnin
Licensed Attorney and Realtor in CA and FL

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