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Updated over 14 years ago,

Tina Hartman's profile image
Tina Hartman's profile image
Tina Hartman
  • Real Estate Investor
  • from Orange County, California
  • Member since May 14, 2009
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Tina Hartman's profile image
Tina Hartman's profile image
Tina Hartman
  • Real Estate Investor
  • from Orange County, California
  • Member since May 14, 2009
Connect
Tina Hartman
  • Real Estate Investor
  • Orange County, CA
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Foreclosures

Loan Mod & Non Recourse Loans

Tina Hartman
  • Real Estate Investor
  • Orange County, CA
Posted

We have heard that if a homeowner accepts a loan modification and the loan is a purchase money loan, then it changes the non-recourse status of the loan and the bank can come after them for the deficiency if they default on the loan. Does anyone know if this is true?

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