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Posts Taged refinance

Anti-Deficiency Rules and Senate Bill 1178

People often cite to California’s anti-deficiency rules as a consumer’s best friend. See California Code of Civil Procedure 580b. While it is true that precluding a deficiency judgment on any purchase money mortgage pursuant to a foreclosure is a great benefit to California home buyers, the reality of home ownership tends to negate the benefits associated with the anti-deficiency rules.

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