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associations of Realtors. They are pledged to 2nd investment mortgage strict Realtor "Code of Ethics and Standards of Practice," which includes duties to clients, the public, and other Realtors. The NAR wields substantial power as a lobbying organization for real estate buyers and sellers. The legal protection in question -- 2nd investment mortgage in Section 580b of the California Code of Civil Procedure -- dates to the Great Depression, when the Legislature passed a number of measures to protect Californians losing their homes 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 day, California 2nd investment mortgage one of a handful of states that bar lenders from hounding borrowers for the difference if a house fetches less in 2nd investment mortgage than is still owed on the mortgage, what's known as a deficiency. There are some important catches to this little-known

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