| Re: Not your usual CA purchase money HELOC - recourse? Thanks Knownick for all your postings. I for one totally understand about this nagging question about the heloc situation! For almost a year we have been tortured by that small amount of $ we borrowed back from our equity and the consequences it could have. Finally when we took our loan papers in to the attorney and he reviewed them it was more reassuring to us than we had actually expected. Doing that may help you too.
He also mentioned the fact of both loans being with the same lender and
a one action rule under ca law that may apply. |