California’s one-action rule and anti-deficiency provisions (together, the "anti-deficiency provisions") protect borrowers that have defaulted on debt secured by real property. Those provisions limit the remedies available to lenders seeking recovery.
Lenders occasionally find themselves in legal trouble if they're not paying attention to those provisions. This article discusses the basics of judicial and non-judicial foreclosure and how lenders can avoid common pitfalls associated with the anti-deficiency provisions.
Please see full article below for more information.
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