Finance
Under California's anti-deficiency statutes, which type of loan is protected from a deficiency judgment after non-judicial foreclosure?
AAny loan secured by commercial real property
BRefinanced loans on owner-occupied residential property
CPurchase money loans used to buy owner-occupied residential property of 1–4 units✓ Correct
DAll loans secured by real property in California
Explanation
California CCP §580b protects borrowers from deficiency judgments on purchase money loans used to buy owner-occupied 1–4 unit residential properties. Refinance loans and most commercial loans may still be subject to deficiency judgments.
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