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发帖数: 464 | 1 Under California Law, your purchase loan is automatic non recourse loan
which
means you can walk away from your home (if it is well below your mortgage
amount), even you have millions $ cash.
Bank can not chase you down in this case!
However, if you did refinance, your loan might be changed to recourse loan.
In this case, the risk of your home purchase would increase a lot!!
Did your loan agent tell you about that? |
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