Jingle Mail And California Law - Giving The Mortgage Back To The Bank
April 29th, 2008If you owe $800,000 on a $550,000 house, and give the bank the $550,000 house, can the bank then try to collect the $250,000 difference? Or to use the legal terminology, can the bank seek a deficiency judgment? The answer, in California, is probably not…
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