“Attention current and future home owners!!” Banks and Lenders urging us to refinance our existing mortgage without ever disclosing one very important fact: you might lose your most valuable protection. California law states that there is no deficiency judgment in case of a foreclosure. Now, all this changes when you refinance. This protection applies only to purchase money trust deeds. Please make sure you ask the lender to explain this very important point to you, or ask an attorney. The small gain you might get by refinancing may be quite costly in the long run. I have served the public as a Realtor for 40 years, so let my experience, integrity, and sincerity guide you through your next Real Estate transaction. Fred Scharinger, pronounced Sharing-er, as my name implies, I will share my expertise with you.