Trust Deed Of California

trust deed of california
Question: If we lose our house through foreclosure in California , Will we owe any money?

We have a Deed of Trust , and they will be selling it auction nonjudiciary . We need to know if they sell it for less than we owe , will we owe anything ?
The reason we are in foreclosure is due to very serious medical problems . We hold a Deed of Trust mortgage and it is going to be a non judiciary foreclosure.

Answer: It is possible that they will collect the remaining amount. Traditionally no it just gives you a horrible credit.
All depends on how greedy your lender is.

CONSTRUCTION Fix N' Flip in California


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