North Carolina is considered as a non-recourse state. People who live here can leave their mortgage without any penalty of putting their other assets at risk.
Florida happens to be a recourse state.
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.
It appears,from everything I have read, SC is a recourse state.
No
Florida happens to be a recourse state.
Yes, Utah is a non recourse state. Please view the related link below.
Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.
As of 12/20/2012 Oklahoma is a Recourse State.
Is Kansas a nonrecourse state? A non
NO
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, 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.
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
no