I think is non recourse debt
Recourse funding is a type of loan for which collateral is placed. The difference between recourse and non-recourse funding is that in recourse funding, if the collateral sells for less than the amount left on the loan, the lender can go after other assets. In non-recourse funding, the lender would have to absorb the loss.
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.
The duration of The Recourse to the Method is 2.73 hours.
no. why would it be a recourse loan
As of 12/20/2012 Oklahoma is a Recourse State.
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
Florida happens to be a recourse state.
The Recourse to the Method was created on 1978-05-05.
Diverse Recourse was created on 2007-04-10.
A place to find recourse is in nonfiction books in the library.
Since he was fired from his job, his only recourse was to go home.