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Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.

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Q: Is Kentucky a Recourse or Non-Recourse or One Action state?
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Related questions

Is Kansas a non recourse state?

Is Kansas a nonrecourse state? A non


Is Florida a nonrecourse state?

No, Florida is not a non-recourse state. If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc.


Is Massachusetts a non recourse debt state?

Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.


Is Florida a nonrecourse state on residential property?

No


Is Massachusetts a nonrecourse state on residential property?

yes


Is KY a non-recourse state?

No it is not. Kentucky has not been a non-recourse state for the last fifty years or so. Didn't start out that way however they just changed positions in the last 50 to 60 years.


Is Alabama a non recourse state?

As of 12/20/2012 Oklahoma is a Recourse State.


Is Florida a non recourse loan state.?

Florida happens to be a recourse state.


Is South Carolina a non-recourse state?

It appears,from everything I have read, SC is a recourse state.


Is Georgia a non recourse debt state?

Yes, Georgia is a non-recourse debt state. This means that in the case of a foreclosure, the lender cannot pursue the borrower for any deficiency balance remaining after the sale of the property.


Is Nevada a non recourse state?

Yes, Utah is a non recourse state. Please view the related link below.


Is California a nonrecourse state on residential property?

I would like to know if California is a non recourse state, we have to do a short sell on our condo, do to me not being able to work because of medical reasons we sent a letter of hardship to the lenders, They came back with cant help you their. They sent use a bill a long with a letter stating we were not paying the full amount of our escrow payments. Chase Financial are Liars and cheats