Also, CA’s real estate prices aren’t as crazy as they seem. The nonrecourse nature of residential mortgages in the state effectively gives the borrower an embedded put option on their property. Home price falls below mortgage value? Bank’s problem now.https://twitter.com/AdamSinger/status/1220388564103503872 …
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In other states the bank can come after you for money if your property falls below a certain LTV?
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Mortgage holders can come after you if they're still owed money after a foreclosure sale
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