Non-Recourse Loan 2019-05-11 08:00:00

Non-Recourse Loan

Non-recourse loan is a loan that limits the lender’s remedies to foreclosure of the mortgage and acquisition of the collateral or property in the event of financial default by the borrower, even if property value is less than the loan amount. Barring any breaches of so-called “bad-boy carve-outs” (fraud, waste, gross negligence, misappropriation of funds, or non-approved conveyance or encumbrance), the borrower will not have personal liability for the loan.

 


Download our guide to real estate investing

Another Way To Own Investment Properties

Learn new ways to use real estate to pursue your wealth goals.

By providing your email and phone number, you are opting to receive communications from Realized. If you receive a text message and choose to stop receiving further messages, reply STOP to immediately unsubscribe. Msg & Data rates may apply. To manage receiving emails from Realized visit the Manage Preferences link in any email received.