Tuesday, May 21, 2019
Taniguchi v. Restoration Homes
Cal.App. 1st Dist. (A152827) 5/2/19
The court held that after a loan modification, in order to cure the default and reinstate the loan under Civil Code Section 2924c, the borrowers do not have to pay the amount of the earlier default on the original loan, which had been deferred under the modification to the end of the loan term. They only need to pay the missed modified monthly payments that caused the default on the modified loan.