Re: CA foreclosures (vs less regulated states) - Posted by Kristine-CA
Posted by Kristine-CA on May 25, 2007 at 21:59:28:
Ashley: I suggest read, read, read CA specific books and manuals on
this topic. You mention deficiency judgements and warranty deeds.
CA law doesn’t allow deficiency judgements against borrowers using a
trust deed and we don’t have warranty deeds here. You mention
adapting paperwork–it’s not adaptable but rather very specific to
working with people in foreclosure in CA.
Osterman already mentioned Ward Hannigan’s site,
foreclosureforum.com. Also consider going to firsttuesday.com and
purchasing their books on trust deeds and financing. First Tuesday is
an educational resource for RE agents but you can buy their books
without being a member or agent for very reasonable prices. The DRE
(dept of RE) in CA has plenty of reading on their site. And the CA Civil
Codes are an endless source of very important info (law).
Happy reading. Kristine