What Are The Alternatives to Foreclosure?

What can I do if I want to avoid foreclosure? Walking away and letting a home go into foreclosure will destroy your credit rating for many years – and even longer if you get stuck in a zombie foreclosure. Let’s take a look at the other options for San Diego homeowners: Sign a deed-in lieu of foreclosure. Work with...

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What are recourse loans?

The difference between recourse and non-recourse loans in California A home loan or mortgage is secured by the property. A recourse loan is a loan under which the bank could both foreclosure AND sue the homeowner for the balance due (deficiency) that remained after a foreclosure was re-sold. In some states, short sales are also...

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