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.
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
Showing posts with label nonrecourse states. Show all posts
Showing posts with label nonrecourse states. Show all posts
Wednesday, December 23, 2009
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