Yes, Louisiana is a recourse debt state. This means that lenders can pursue borrowers for the full amount of the debt, including any deficiency after a foreclosure or repossession of collateral. In cases where the borrower defaults, the lender has the right to seek repayment from the borrower's other assets beyond just the collateral.
Alligators are the main recourse in Louisiana
Louisiana is a State.
Louisiana's state animal is the Louisiana black bear.
There is no US State south of Louisiana, Louisiana is on the Gulf of Mexico
Louisiana's state flower is the magnolia.
Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.
"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.
yes
Georgia is a recourse state. See Ga. Code Ann. § 44-14-161.
I think is non recourse debt
Louisiana is generally considered a non-recourse state for mortgage debt, meaning that lenders cannot pursue a borrower's other assets beyond the collateral property in the event of foreclosure. However, this applies primarily to certain types of loans, such as residential mortgages. It's important for borrowers to understand that specific loan agreements and circumstances may vary, so consulting a legal expert for tailored advice is advisable.
Recourse debt can be subject to discharge in bankruptcy, but it depends on the specific circumstances of the bankruptcy case and the type of recourse debt involved.
no....... the lender can go after you for up till 2 yrs after they sell the property.
California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
A mortgage can be either a recourse or nonrecourse debt, depending on the terms of the loan agreement. In a recourse mortgage, the lender can seek additional assets of the borrower if the property does not cover the full amount owed. In a nonrecourse mortgage, the lender's only recourse is the property itself.
As of 12/20/2012 Oklahoma is a Recourse State.
Florida happens to be a recourse state.