Yes, Maine is considered to be a non-recourse state for mortgage
default. A non- recourse means that if you default on paying your
mortgage, the government can take your home from you.
Yes, Maine is considered to be a non-recourse state for mortgage
default. A non- recourse means that if you default on paying your
mortgage, the government can take your home from you.
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California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.
You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
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no
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non related answer but by law you don't need to pay a mortgage
;)