Loans, Debt & Credit - View Single Post - Judicial foreclosure on recourse loans in California?

myjohnso2000 · 07-02-2009, 06:23 AM

hi are there any updates to any of you who went into foreclosure on your recourse loans? i see that some months have passed since the last update, so i was just curious how things are going.

i'm considering going into foreclosure on both my recourse loans, but am very scared of the bank (both loans thru GMAC) declaring a deficiency judgment against me.

07-02-2009, 06:23 AM	#17 (permalink)
myjohnso2000 Junior Member Join Date: Jul 2009 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Judicial foreclosure on recourse loans in California? hi are there any updates to any of you who went into foreclosure on your recourse loans? i see that some months have passed since the last update, so i was just curious how things are going. i'm considering going into foreclosure on both my recourse loans, but am very scared of the bank (both loans thru GMAC) declaring a deficiency judgment against me.