California home sole security for first mortgage?

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California home sole security for first mortgage?

Anonymous

Posted on: 06th Sep, 2006 04:09 am

In California is real estate the sole security for a residential mortgage?

Total Reply : 2

Hi,

As far as I know, real estate is the security for a residential mortgage in California.

William

Anonymous

Posted on: 06th Sep, 2006 04:28 am

Hi,

Real estate is the only security for a home loan in California but the value of the property must be higher than the amount borrowed.

Thanks,

Sara.

sara

Posted on: 06th Sep, 2006 04:49 am

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