
Quoting
lelehm526
My refinanced 2nd loan deed of trust had the "power of sale" words in it. Doesn't this make the foreclosure on the 2nd loan "non-judicial"?
If not, this means that the 1st lender can foreclose as non-judicial while the 2nd lender can foreclose as judicial?
I am a bit confused. I thought if the mortgage forecloses as non-judicial, the lender cannot come after me.
And if the 2nd lender forecloses as judicial and come after me for the full amount, what can they do exactly? I bought my main home in Aug 2008 (co-owner, then married in Nov 2008) and mortgage is $500K buying it with 20% down in 2008. I acquired the 2nd refinanced loan in 2007 when I was single. But can they affect this mortgage? Would they also garnish my paycheck? I already received my Federal income tax return but still waiting for my state income tax return. Would they take this?