California Residential Foreclosures- How to determine whether your loan is non-recourse, or if you will remain personally liable for the debt.

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When faced with foreclosure, the homeowner needs to consider several issues that may impact whether they will have personal liability. What follows are five steps to follow in determining how the anti-deficiency laws apply in your case, beginning with the purchase money determination.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© James J. Falcone, Law Office of James J. Falcone | Attorney Advertising

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