The California One Action Rule – Avoid a Deficiency Judgment – Know Your Rights!
My team just posted this information piece on the California One Action Rule...this states that lenders can only take "One Action" against a defaulting borrower.
This article answers several questions, such as:
- What exactly constitutes an “action” under California law?
- If my property forecloses, can I still be sued for the remaining debt?
- Why is it necessary for California to have a “One Action” Rule?
We hope this article helps you to know your rights as a California homeowner in default! Please click the link at the top of this post to go to the complete article on the California One Action Rule.
