answersLogoWhite

0

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

User Avatar

Wiki User

14y ago

What else can I help you with?

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.


When did the state tree of Kentucky become the state tree?

The Kentucky General Assembly ruled on the issue of an official state tree for the first time in 1956. Overriding contention from advocates of the Indian cigar tree (catalpa tree) and the sycamore tree, the Kentucky General Assembly passed legislation adopting the tulip poplar as the state tree of the Commonwealth of Kentucky. And so it was. i hope this helped ya ^^


Is Georgia a non recourse debt state?

"Is Georgia a non recourse debt state?" Since Florida is not a recourse state, and Florida adopted its laws from Georgia, Georgia must not be a recourse state.


Is Nevada a non recourse state?

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