Ever wonder about recourse and non-recourse states? Well, neither did I, until I came across this post:
http://www.mortgagereliefformula.com/recourse/
It appears that the following states make it easier for creditors/banks to go after homeowners personally to recover the difference between the amount owed and amount received in a sale:
Michigan, Minnesota, North Carolina, Rhode Island, South Dakota, Utah, and Wyoming.
Subscribe to:
Post Comments (Atom)
Posts
0 comments:
Post a Comment