Foreclosure Options
California lenders typically go through non-judicial foreclosure, meaning they don't file a judgment against you for the negative balance when the home is sold at foreclosure.
You have many options other than foreclosure :), do you want to keep your home? have you looked...
2nd Mortgage Foreclosure Options
2nd mortgages can't foreclosure on a property, only the greatest lean holder has the right to foreclosure, which is typically the 1st. In non-judicial foreclosure states they cant even come after for monies owed. If the value of the home is worth less than...