Legal Question in Real Estate Law in California
california deficiecy judgment
can beneficiary on trust deed note obtain a deficiency judgment on a non-owner occupied property
Asked on 7/15/08, 6:38 am
3 Answers from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: california deficiecy judgment
If the property is non-owner-occupied, that fact removes one of the possible defenses to one of the methods of foreclosure (judicial foreclosure). A deficiency judgment is never possible if the obligation is foreclosed by trustee sale.
Answered on 7/15/08, 12:33 pm
Mitchell Roth
MW Roth, Professional Law Corporation
Re: california deficiecy judgment
Yes, but only if the beneficiary foreclosed judicially, not by Trustee's sale.
Answered on 7/15/08, 9:41 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
