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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 Florida a non recourse loan state.?
Florida happens to be a recourse state.
Is Nevada a non recourse state?
Yes, Utah is a non recourse state. Please view the related link below.
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 Alabama a non recourse state?
As of 12/20/2012 Oklahoma is a Recourse State.
Is Kansas a non recourse state?
Is Kansas a nonrecourse state? A non
Is PA a non recourse state?
NO
Is South Carolina a non-recourse state?
It appears,from everything I have read, SC is a recourse state.
Is Maine a non recourse state for mortgage default?
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.
Is Kentucky a Recourse or Non-Recourse or One Action state?
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
Is NJ a non recourse mortgage state?
no
Are mortgages in Indiana non-recourse?
If the deficiency is forgiven by the lender, is it still subject to federal and state tax? The mortgage preforeclosure short sale closing date was in 2005.
