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Viewing 15 posts - 31 through 45 (of 66 total)
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  • Author
    Posts
  • November 1, 2008 at 11:13 AM #296527
    peterb
    Participant

    If the HELOC was essentially a second mortgage used to purchase the home, it should be considered part of the purchase money loan package. Purchase money loans are non-recourse in CA. By law, I believe.

    November 1, 2008 at 2:40 PM #296193
    kev374
    Participant

    agree with the above…if it is a loan associated with the initial purchase then it is non-recourse. If it is a refi later on to cash out then it is recourse.

    November 1, 2008 at 2:40 PM #296533
    kev374
    Participant

    agree with the above…if it is a loan associated with the initial purchase then it is non-recourse. If it is a refi later on to cash out then it is recourse.

    November 1, 2008 at 2:40 PM #296553
    kev374
    Participant

    agree with the above…if it is a loan associated with the initial purchase then it is non-recourse. If it is a refi later on to cash out then it is recourse.

    November 1, 2008 at 2:40 PM #296565
    kev374
    Participant

    agree with the above…if it is a loan associated with the initial purchase then it is non-recourse. If it is a refi later on to cash out then it is recourse.

    November 1, 2008 at 2:40 PM #296607
    kev374
    Participant

    agree with the above…if it is a loan associated with the initial purchase then it is non-recourse. If it is a refi later on to cash out then it is recourse.

    November 1, 2008 at 3:30 PM #296203
    urbanrealtor
    Participant

    [quote=bsrsharma]In other words, the loan to value is 220%

    urbanrealtor,

    Can you disclose the location (ZIP is fine)?[/quote]
    92116 near adams and 30th.

    November 1, 2008 at 3:30 PM #296544
    urbanrealtor
    Participant

    [quote=bsrsharma]In other words, the loan to value is 220%

    urbanrealtor,

    Can you disclose the location (ZIP is fine)?[/quote]
    92116 near adams and 30th.

    November 1, 2008 at 3:30 PM #296563
    urbanrealtor
    Participant

    [quote=bsrsharma]In other words, the loan to value is 220%

    urbanrealtor,

    Can you disclose the location (ZIP is fine)?[/quote]
    92116 near adams and 30th.

    November 1, 2008 at 3:30 PM #296575
    urbanrealtor
    Participant

    [quote=bsrsharma]In other words, the loan to value is 220%

    urbanrealtor,

    Can you disclose the location (ZIP is fine)?[/quote]
    92116 near adams and 30th.

    November 1, 2008 at 3:30 PM #296617
    urbanrealtor
    Participant

    [quote=bsrsharma]In other words, the loan to value is 220%

    urbanrealtor,

    Can you disclose the location (ZIP is fine)?[/quote]
    92116 near adams and 30th.

    November 1, 2008 at 3:37 PM #296213
    j
    Participant

    Your sister should contact a consumer reporter like the I-Team, if this HELOC really was used only for purchase money. This looks like harassment and WAMU does not have a case at all.

    November 1, 2008 at 3:37 PM #296554
    j
    Participant

    Your sister should contact a consumer reporter like the I-Team, if this HELOC really was used only for purchase money. This looks like harassment and WAMU does not have a case at all.

    November 1, 2008 at 3:37 PM #296573
    j
    Participant

    Your sister should contact a consumer reporter like the I-Team, if this HELOC really was used only for purchase money. This looks like harassment and WAMU does not have a case at all.

    November 1, 2008 at 3:37 PM #296585
    j
    Participant

    Your sister should contact a consumer reporter like the I-Team, if this HELOC really was used only for purchase money. This looks like harassment and WAMU does not have a case at all.

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