- This topic has 1,340 replies, 28 voices, and was last updated 15 years, 7 months ago by
Arraya.
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April 23, 2010 at 7:34 AM #543717April 23, 2010 at 7:54 AM #542774
sdrealtor
ParticipantExactly! Loan mods are just like refinancing which both help people stay in homes they want to stay in. Also, you didnt even consider that a very high proportion of the loans getting modified were refinanced loans that already had recourse.
April 23, 2010 at 7:54 AM #542890sdrealtor
ParticipantExactly! Loan mods are just like refinancing which both help people stay in homes they want to stay in. Also, you didnt even consider that a very high proportion of the loans getting modified were refinanced loans that already had recourse.
April 23, 2010 at 7:54 AM #543366sdrealtor
ParticipantExactly! Loan mods are just like refinancing which both help people stay in homes they want to stay in. Also, you didnt even consider that a very high proportion of the loans getting modified were refinanced loans that already had recourse.
April 23, 2010 at 7:54 AM #543458sdrealtor
ParticipantExactly! Loan mods are just like refinancing which both help people stay in homes they want to stay in. Also, you didnt even consider that a very high proportion of the loans getting modified were refinanced loans that already had recourse.
April 23, 2010 at 7:54 AM #543731sdrealtor
ParticipantExactly! Loan mods are just like refinancing which both help people stay in homes they want to stay in. Also, you didnt even consider that a very high proportion of the loans getting modified were refinanced loans that already had recourse.
April 23, 2010 at 8:02 AM #542789briansd1
GuestRecourse or non-recourse mean nothing. CA has a one-action rule. If the lender forecloses, there’s nothing else that the lender can do
Despite some stories in the press about people in Florida or other states, I’ve not heard of any lender collecting on anyone thanks to a recourse loan, in California.
April 23, 2010 at 8:02 AM #542905briansd1
GuestRecourse or non-recourse mean nothing. CA has a one-action rule. If the lender forecloses, there’s nothing else that the lender can do
Despite some stories in the press about people in Florida or other states, I’ve not heard of any lender collecting on anyone thanks to a recourse loan, in California.
April 23, 2010 at 8:02 AM #543381briansd1
GuestRecourse or non-recourse mean nothing. CA has a one-action rule. If the lender forecloses, there’s nothing else that the lender can do
Despite some stories in the press about people in Florida or other states, I’ve not heard of any lender collecting on anyone thanks to a recourse loan, in California.
April 23, 2010 at 8:02 AM #543472briansd1
GuestRecourse or non-recourse mean nothing. CA has a one-action rule. If the lender forecloses, there’s nothing else that the lender can do
Despite some stories in the press about people in Florida or other states, I’ve not heard of any lender collecting on anyone thanks to a recourse loan, in California.
April 23, 2010 at 8:02 AM #543747briansd1
GuestRecourse or non-recourse mean nothing. CA has a one-action rule. If the lender forecloses, there’s nothing else that the lender can do
Despite some stories in the press about people in Florida or other states, I’ve not heard of any lender collecting on anyone thanks to a recourse loan, in California.
April 23, 2010 at 8:03 AM #542794Arraya
Participant[quote=AN]How’s loan mods and/or principle reductions causing the loan to become recourse any different than refinancing causes the loan to become recourse?[/quote]
It’s not, that’s the point. It’s a high risk move given market dynamics. The risk far outweighs the reward.
April 23, 2010 at 8:03 AM #542910Arraya
Participant[quote=AN]How’s loan mods and/or principle reductions causing the loan to become recourse any different than refinancing causes the loan to become recourse?[/quote]
It’s not, that’s the point. It’s a high risk move given market dynamics. The risk far outweighs the reward.
April 23, 2010 at 8:03 AM #543386Arraya
Participant[quote=AN]How’s loan mods and/or principle reductions causing the loan to become recourse any different than refinancing causes the loan to become recourse?[/quote]
It’s not, that’s the point. It’s a high risk move given market dynamics. The risk far outweighs the reward.
April 23, 2010 at 8:03 AM #543477Arraya
Participant[quote=AN]How’s loan mods and/or principle reductions causing the loan to become recourse any different than refinancing causes the loan to become recourse?[/quote]
It’s not, that’s the point. It’s a high risk move given market dynamics. The risk far outweighs the reward.
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