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in foreclosure sales. Because home values were plummeting and few people had money to bid at foreclosure auctions, destitute borrowers couldn't pay off the mortgage and were left facing a lifetime of debt. To this home mortgage loan california California remains one of a handful of states that bar lenders from hounding borrowers for home mortgage loan california difference if a house fetches less in foreclosure than is still owed on the mortgage, what's known as a deficiency. There are some important catches to this little-known rule. Foremost, the protection applies only to original mortgages used to buy homes. It doesn't apply to refinanced mortgages, which were an alien concept during the Depression. It also depends on how home mortgage loan california lender forecloses. Typically, lenders foreclose by essentially filing paperwork with the county recorder and conducting sales weeks later -- evoking images of foreclosure sales conducted on the steps of the county courthouse. If lenders choose this route -- and the vast majority do -- they cannot pursue the unpaid portion of the mortgage, regardless of whether it's the original loan home mortgage loan california a refinanced loan. Lenders may charge various fees when giving a mortgage to a mortgagor. home mortgage loan california include entry fees, exit fees, administration fees and lenders mortgage insurance. There are also settlement fees (closing costs) the settlement company will charge. In addition, if a third party handles the loan, it may charge other fees as well. UK banks usually charge a valuation fee, which pays for a chartered surveyor to visit the property and ensure it is Guide to buying in the UK from the Royal Institution of Chartered home mortgage loan california To keep borrowers on the hook for the unpaid portion of the loan, lenders must pursue ``judicial foreclosures'' through the courts. Judgments are good for home mortgage loan california years but can be renewed. Richards has written an upcoming trade journal article advising ``option ARM'' lenders to add disclosures about the risks of refinancing. These loans give borrowers the choice of making monthly payments that don't