Topic: Non recourse Loan
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What is a Non Recourse Loan?
A non recourse loan is a loan secured by some type of collateral such as a house or automobile. The lender agrees not to seek any other recourse during a default situation other than to seize the actual collateral itself. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_non_recourse_lo...
How to Apply For Non Recourse Stock Loans
The normal non recourse stock loans are loans used by businesses and people that utilizes stocks and bonds as a guarantee. Since the stocks work as the guarantee to the loan, the company or person doesn't need to have great or even average ... Read More »
Source: http://www.ehow.com/how_5141441_apply-non-recourse-stock-loans.ht...
What kind of real estate lenders will do non recourse loans?
If you find one, let me know Non-recourse lending is usually done by commercial banks. The types of lenders that do the type of mortgage everyone is familiar with don't like to limit their options on how they can come after you to get their... Read More »
Source: http://wiki.answers.com/Q/What_kind_of_real_estate_lenders_will_d...
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Non recourse Loan
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A non conforming loan is a loan that fails to meet specific bank specifications. Non conforming loans are usually more obtainable for people with bad credit than conforming loans, but they usually have a higher interest rate. For more infor...
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Source: http://answers.ask.com/Business/Real_Estate/what_is_a_non_conform...
A non-recourse loan is also referred to as a limited loan. A financial institution, such as a bank or insurance company, may enter into a non-recourse loan transaction to protect against credit risk.
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Source: http://www.ehow.com/facts_6802773_meaning-non_recourse_.html
When it comes to lenders being able to go after a homeowner for a deficient balance, in the state of California all types of loans can be defined in two categories; recourse or non-recourse loans. Recourse loans are loans where the lender ...
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Source: http://activerain.com/blogs/foreclosehelp
A qualified non-recourse debt allows a lender to prevent operating losses resulting from adverse credit developments. These developments may include borrowers' defaults or temporary inability to repay loans or meet other financial commitmen...
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Source: http://www.ehow.com/facts_6805533_qualified-non_recourse-debt_.ht...
A non-recourse promissory note is a loan agreement that restricts how the lender can seek repayment if the loan goes into default. Generally, with a non-recourse note, the lender will be limited to the value of the collateral for repayment ...
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Source: http://www.ehow.com/facts_6025584_non_recourse-promissory-note_.h...
Good question, I have been looking for an exact answer my self. I have learned from my searches: Generally a note is an obligation to pay and must be paid in full. So, unless a note is explicitly non-recourse, the creditor can seek any of d...
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Source: http://wiki.answers.com/Q/How_do_you_know_if_your_mortgage_loan_i...
