California homeowners: exercising your right to default
By ft Editorial Staff • Nov 3rd, 2009 • Category: Feature Articles, Journal Articles, November 2009 JournalThis article clarifies a homeowner’s contractual promise to repay purchase money debt and his contractual right to default, free of moral obligation. In California, homeowners borrow funds to assist in purchasing a home and sign a trust deed and a note containing a promise to pay the lender the entire amount borrowed. Lenders want homeowners [...]

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