[CuriousR]

...Second Mortgage / Deficiency Judgment / Second Mortgage Refinanced? This is for my primary residence in California.My first & second mortgage (80/20) purchase money loan are with the same lender.I never refinanced the first mortgage, but I did refinance the second (HELOC) loan. I am now considering foreclosure due to financial hardship.My question is:1. Does the One Action Rule prevent the lender from seeking a deficiency judgment on the HELOC loan?2. Based on past trend, for the HELOC which becomes unsecured debt, is there a certain specific percentage that the lender generally settles for with the borrower e.g. a certain most likely percentage of the amount.Thanks.