Finance Questions

Archive for October, 2005

Question: Click on Home Finance. What is the Hot Button written underneath?

Answer: Get a Mortgage Quote

Why Islamic Finance (Part 2)

Question: Recourse vs non-recourse loan in California, house in Arizona?

We purchased a house in Phoenix , AZ 2 years ago and recently sold the house on a short sale basis. The original lenders were based in Newport Beach, CA. We have never re-financed the house. Are we covered under California law as a non recourse loan even though the house is in Arizona? We have settled with the first lender and don't feel the second is being honest with us about their terms. We signed papers with the second under protest in order to release the lein and close. Thank you for any help that you can give us.

Answer: Where is the second lender located and when you signed your papers did you write on them "We are signing under protest" with your signatures?

Sorry but that is the information we need here so we can help you better.

New Laws For California Realtors and Real Estate Investors