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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 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 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?
"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.
What does recourse state mean?
A recourse state refers to a legal framework in which lenders have the right to pursue repayment from borrowers beyond the collateral secured for a loan. If a borrower defaults, the lender can seek to recover the remaining debt through the borrower's other assets or income. This contrasts with a non-recourse state, where the lender's recovery is limited only to the collateral itself. Recourse loans typically carry higher risk for borrowers, as they can face greater financial liability.
Is Virginia a recourse state?
Yes
Is PA a non recourse state?
NO
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 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 Georgia a non recourse debt state for foreclosures?
Georgia is a recourse state. See Ga. Code Ann. § 44-14-161.
