Modified Seller Held Note Subject to Anti-deficiency Statutes

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Foreclosing trustee represented that the delinquency amount was about $22,000. Actually, this was about one-tenth the true amount of about $220000. The Court of Appeal shifted the loss to the trustee, ruling that the buyer could obtain the huge windfall.

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A dishonest notary can corrupt the chain of title of real property with a void deed by falsely notarizing the forged signature of the grantor, with no recourse if the statute of limitations has passed.

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