Refinance recourse language in loan documents

raccoon51e · Joined: 26 Oct 2009 Posts: 1 1.30 Dollars($)

Where in my loans documents does it mention my loan being recourse vs. non-recourse? In the note? I have read this many times and don't see these words at all. Is there any type of language I should be looking for? This is my primarily residence in California and I did refinance a couple of years ago. I refinanced into a first and a second, but have since paid off my second completely.

jameshogg · Posted: Mon Oct 26, 2009 9:43 pm Post subject:

Hi raccoon,

If the loan documents do not mention whether or not it's a recourse loan, then you will have to contact the lender. Your lender can inform you whether or not the loan is recourse or non-recourse one.

Thanks

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