| pledged to a strict Realtor "Code of Ethics and Standards of Practice," which includes duties to clients, the public, and other Realtors. The NAR wields substantial fixed mortgage interest rate as a lobbying organization for real estate buyers and sellers. The legal protection in question -- detailed in Section 580b of the California Code of Civil Procedure -- dates to the Great Depression, when the Legislature passed fixed mortgage interest rate 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 fixed mortgage interest rate couldn't pay off the mortgage and were left facing a lifetime of debt. To this day, California remains one of a handful of states that bar lenders from hounding borrowers for the difference if a house fetches less in foreclosure than is still owed on the mortgage, fixed mortgage interest rate 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 the lender forecloses. Typically, fixed mortgage interest rate foreclose by essentially filing paperwork with the county recorder and conducting sales weeks later -- evoking images of |  |
|
euro dollar exchange rate conversion optimization rate site web ** cash fast loan virginia west american home melville mortgage ny ** compare easy mortgage quote direct lender king county wa
fixed mortgage interest rate - domain.com
