Equity Home Loans

Home > Home Equity Loan California Information > Home Equity Loan California Knowledge Base > Does California Section 580b Anti-Deficiency Protection apply to loans that been sold to another lender?

Does California Section 580b Anti-Deficiency Protection apply to loans that been sold to another lender?

If a borrower took a 80/20 loan but the 2nd (20) loan has been sold to another bank, does California Section 580b Anti-Deficiency Protection still apply? "NO" refinancing or home equity credit has been taken. Basically, the 80/20 loan is "Purchase Money".

Public Comments

  1. Your good.
  2. yes, sir!!! God Bless California! see:http://www.stimmel-law.com/articles/CA_AntiDeficiency_Statue_ProtHomeOwnMonJudge.html
Powered by Yahoo! Answers