CA deficiency Recovery

[Hament Raju Mahajan]

For a private loan Secured by investment , business purpose loan (secured by California SFR , purchase money loan) , If the collateral does not have enough value to pay off the entire debt. How can the lender recover its funds beyound what it could recover from the asset sale?

How can the lender a deficiency judgement ?

In CA judicial foreclosure a option for this type of loan?

[Paul Cordero]

You will want to consult with a CA attorney to be sure. I am not an attorney, but I did work in default servicing for a while. Its been a while but last I checked, CA is a non-deficiency state meaning that lenders cannot pursue deficiency past the foreclosure.

This might help a little more http://www.foreclosure.com/statelaw_CA.html