Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
Is Kansas a nonrecourse state? A non
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.
Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.
No
yes
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.
As of 12/20/2012 Oklahoma is a Recourse State.
Florida happens to be a recourse state.
It appears,from everything I have read, SC is a recourse 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.
Yes, Utah is a non recourse state. Please view the related link below.
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