Asked by Randy Randall, Laguna Niguel, CA • Fri Jul 31, 2009
if I am forced into a Trustee Sale that I can sue them judicially for the deficit judgment. Also, do you personally know of any decisions whereby the courts in CA have agreed to do the right thing and assist the beneficiary? My belief is, had these buyers and borrowers made money, it would not have benefited me, so why should I be penalized? Because it is a rental property I am of the belief that this loan is a recourse loan! To further complicate things I borrowed money on this note!
Question 2: If I should renegotiate the terms of the loan with the borrowers, i.e. modify the rate, etc. is the first agreement void? Do I have to start from scratch and redo the deed of trust and the note?
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