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Is a second "piggyback" as part of a 80/15/5 loan structure Non-Recourse in CA?

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  • Is a second "piggyback" as part of a 80/15/5 loan structure Non-Recourse in CA?

    I live in CA and I am considering walking away from my underwater primary home purchased with a 80% 1st/15% 2nd/5% cash down loan structure. I have never refinanced or modified the loan. The second is identified as a piggyback loan which was obtained at the same time as the first mortgage and used to help pay the 20% down. There is nothing in the loan document that says specifically that it is non-recourse or any mention of it being able to or not seek a deficiency judgement against me.

    Am I protected under CA Civil Code 580b and is the second a non-recourse loan? Should I be looking for any other language on the piggy back loan to help confirm this? Thanks.
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