Jingle Mail And California Law - Giving The Mortgage Back To The Bank

If you owe $800,000 on a $550,000 house, and give the bank the $550,000 house, can the bank then try to collect the $250,000 difference? Or to use the legal terminology, can the bank seek a deficiency judgment? The answer, in California, is probably not...
Tue, 29 Apr 2008 09:25:46 -0500