Foreclosure in California?
We own a condo and want more information about the blocking of creation. Never refinanced but did not go through and Cal HFA and then 2nd, 3rd and 4th of loans that assistance programs to reduce payment. Can they go after us in the 2nd, 3rd and 4th of loan? And if so, can they take our other assets? (house, car, $ in the account, etc)?
You will receive a 1099 for your first, you must pay taxes on it. CA is particularly aggressive in cash income taxes, do HTE Search IRS as pussy cats. You simply repay the loan, which eventually confiscate property and the seizure of wages to recover the money they gave him. You could face charges of fraud, do not know what programs are used, but generally can not legally merge.
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