california non-recourse mortgage

Foreclosures and the next wave - California Franchise Tax Board ...
The type and treatment of the gain will depend on whether the mortgage is considered non-recourse or recourse debt. In California, purchase money mortgages, .
http://www.ftb.ca.gov/professionals/taxnews/2007/1007/1007_3.shtml

Foreclosure and Short Sales | California Franchise Tax Board
Skip to Main Content. CA.gov. State of California Franchise Tax Board . A non- recourse loan means the lender's only remedy in case of default is to . Refinances, second mortgages, and “cash out” loans are generally recourse loans.
http://www.ftb.ca.gov/professionals/taxnews/2009/July/Article_9.shtml

In California how can you determine whether your mortgage loan is ...
In California how can you determine whether your mortgage loan is a non recourse loan or a recourse . So how is a second mortgage a non-recourse loan ?
http://wiki.answers.com/Q/In_California_how_can_you_determine_whether_your_mortgage_loan_is_a_non_recourse_loan_or_a_recourse_loan

List of non-recourse mortgage walkaway states
Feldstein's remark should more properly be, "in some states such as California, lenders have no recourse on a first mortgage and so this gives the borrower with .
http://www.mortgagereliefformula.com/recourse/

Recourse v. Non-Recourse States
The following article provides a summary of non-recourse mortgage states . Note that in some states (such as California) non-recourse laws .
http://www.loansafe.org/forum/foreclosure-laws/4130-recourse-v-non-recourse-states.html

Rental Property Foreclosure in California, Recourse vs Non Recourse
Legal Help for Real Estate Finance - Foreclosure: Rental Property Foreclosure in California, Recourse vs Non Recourse. CA I am thinking how .
http://www.expertlaw.com/forums/showthread.php?t=84339

Recourse Loans and Non-recourse Loans - Personal Risk vs Losing ...
With non-recourse loans, lenders can only take property that you've agreed to let . California is best known as a non-recourse loan state that makes it hard for . second mortgages, and "cash out" transactions tend to create recourse loans.
http://banking.about.com/od/loans/a/recourseloan.htm

HelocBasics | List of Non-Recourse Mortgage States and Anti ...
In a non-recourse mortgage state, borrowers are not held personally liable for . Note that in some states (such as California) non-recourse laws apply only to .
http://www.helocbasics.com/list-of-non-recourse-mortgage-states-and-anti-deficiency-statutes/

Real Estate Short Sale vs. Foreclosure Tax Consequences
Feb 13, 2012 . In California, most mortgages that are used to purchase a residence are nonrecourse, but mortgages from refinancing a previous mortgage are .
http://www.realestateinvestingtax.com/shortsale.shtml

Real Estate Research: Did nonrecourse mortgages cause the ...
Feb 18, 2010 . Did nonrecourse mortgages cause the mortgage crisis? . wants to pursue a judicial foreclosure, California offers no protection from recourse.
http://realestateresearch.frbatlanta.org/rer/2010/02/did-nonrecourse-mortgages-cause-the-mortgage-crisis.html

Taking Advantage of Non-Recourse States & Walking Away From A ...
Jul 6, 2011 . If you live in one of the 12 “non-recourse” states of Alaska, Arizona, California, Connecticut, Florida, Idaho, Minnesota, North Carolina, North .
http://www.financialsamurai.com/2011/07/06/non-recourse-states-walk-away-from-mortgage/

Foreclosure - California non-recourse? - Lawyers.com Community
My understanding is that since it was a purchase-money mortgage on an owner- occupied home in California, that it is a non-recourse mortgage .
http://community.lawyers.com/forums/t/95127.aspx

Non Recourse Mortgage — Real Estate Advice - Trulia Voices
The short sell was closed in Sacramento, ca, which has a approved 931 bill pertaining Non-recourse mortgage ... Read more. Answered Fri Mar 25 2011, 15: 07 .
http://www.trulia.com/voices/q_Non+Recourse+Mortgage/

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California Recourse Loan
California recourse loan | Get information on California recourse loans. Bills.com has . So how is a second mortgage also a non-recourse loan? Simple, in an .
http://www.bills.com/california-recourse-loan/

CA Mortgage: recourse/non-recourse - mortgage | Ask MetaFilter
Feb 24, 2012 . We recently learned that California is a non-recourse state. Our understanding is that if the mortgage is defaulted, the mortgage holder cannot .
http://ask.metafilter.com/209023/CA-Mortgage-recoursenonrecourse

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What Happens When You Walk Away From A Mortgage Loan ...
Jun 16, 2010 . Many states require lenders to give non-recourse mortgages when you first buy the . After that, he wanted to refinance his California house.
http://www.cbsnews.com/8301-505123_162-41240261/what-happens-when-you-walk-away-from-a-mortgage-loan/