Real estate blog entries tagged with forclosure by Carolina Ruiz (My Real Estate Pro)

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Home : Blogs : Carolina Ruiz : My Real Estate Pro : Tag "forclosure"

forclosure: Recourse vs Non-Recourse Loans in California - 07/31/08 05:55 PM

Recourse vs. Non-Recourse Loans in California
An important subject in the short sale real estate industry is the difference between recourse and non-recourse loans; which is a completely different issue than tax liability… Below is a very brief breakdown of the qualifications and repercussions of both types of loans.
Non-Recourse Loans Definition : the borrower is not personally liable for the loan. The lender’s only security is the property itself, not the borrower’s personal assets.

Loans secured by and used to purchase an owner-occupied, 1-4 unit residential property. Primary residence Original purchase loan Any Seller carry back real estate loan … (4 comments)

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Carolina Ruiz

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