Anyone an accountant here? Serious question

[regmac]

Condo's   i never use them.

[rockyfortune]

Condo's   i never use them.

nice rocky reference..

[El Diablo Blanco]

here's a yahoo article that just came out a few minutes ago answering your question.


http://finance.yahoo.com/news/Mortgage-lenders-pursue-cnnm-3107909798.html?x=0

That's why I love California.  You just walk away as long as you don't refi.

Some states, such as California, are "non-recourse" and don't allow deficiency judgments. But, even there, if the if the original loan was refinanced, some or all of it may be subject to claim

[regmac]

nice rocky reference..

Perfect timing!