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Nonjudicial Foreclosures and the Guarantors Who Got Away...
Dec 05, 2013

On December 3, 2013, the Court of Appeals held that liability for a deficiency under a guarantee was extinguished by a nonjudicial foreclosure. Lenders considering foreclosure should re-examine the underlying deed of trust and other loan documents to determine whether the definition of "related documents" encompasses guarantees among the obligations secured by the deed of trust.

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