My question involves real estate located in the State of: California
Recently, in January I sold my home in a short sale. The original purchase was for $600,000 with a $60,000 down payment, a $450,000 First mortgage and a $90000 HELOC both with the same lender.
The short sale was for $375000. The lender agreed to the short sale and forgave the first balance remaining and $4000 of the Heloc.
Does the lender still have recourse to me for the balance of the Heloc they didn't forgive?