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Roger, Lawyer
Category: Real Estate Law
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Can the bank take my retirement in a foreclosure

Resolved Question:

Can the bank take my retirement in a foreclosure?
Submitted: 7 years ago.
Category: Real Estate Law
Expert:  Roger replied 7 years ago.
If the property in foreclosure is in Ca., you are safe because Ca. law does not allow for deficiency judgments if the property sells for less than what you owe at the foreclosure sale.

Therefore, you'd be safe. Even if deficiency judgments were allowed, your retirement accounts would be safe.
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