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recourse loan

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Josemoscoso Joined: 26 Sep 2008 Posts: 1 1.26 Dollars($)	Posted: Fri Sep 26, 2008 9:18 am    Post subject: recourse loan Like 0 Dislike 0 Can some one tell me under what mortgage document can i see if my loan is a recourse or non-recourse loan?
sweeney Community Expert Joined: 20 Jul 2008 Posts: 131 25.11 Dollars($)	Posted: Fri Sep 26, 2008 1:23 pm    Post subject: Like 0 Dislike 0 I don't understand what you're asking. Can you clarify? _________________ Mike Sweeney LionSaves.com - refinance debt views expressed on this forum are my opinion as a mortgage professional, not legal advice
smithsussane Joined: 18 Sep 2008 Posts: 10024 Location: Alaska 918.46 Dollars($)	Posted: Fri Sep 26, 2008 8:21 pm    Post subject: Like 0 Dislike 0 Hi Josemoscoso ! welcome to Forums! Generally a note secured by mortgages on property is recourse loans. If there is no such note, then it is a non-recourse loan. In case of anti-deficiency statues, there can be exceptions. Feel free to ask if you have further queries. Sussane

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