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A comment on Rich more likely to walk away from mortgage. Parent comment

Re:Rich more likely to walk away from mortgage by anamax on Friday July 09, 2010 @06:33PM (#1502462)
In CA, only the purchase loan is non-recourse. Refinance loans are not non-recourse, that is, the lender can come after you if you bail on a refinance loan.

I'd guess that home equity loans (in CA) are also not non-recourse.

IANAL, YMMV.

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Re:Rich more likely to walk away from mortgage by TylerJewell on Friday July 09, 2010 @09:45PM (#1502831)
A purchase money loan can apply to a 1st and an equity line as long as both loans were taken out for the purchase of the home. In my situation, I put 10% down, took a 50% mortgage and 40% equity line.
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