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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 #542890ParticipantExactly! 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 #543366ParticipantExactly! 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 #543458ParticipantExactly! 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 #543731ParticipantExactly! 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 #542905GuestRecourse 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 #543381GuestRecourse 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 #543472GuestRecourse 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 #543747GuestRecourse 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 #542910Participant[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 #543386Participant[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 #543477Participant[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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