Word-of-the-Week: Nonjudicial foreclosure
When property is sold at a public auction by a trustee as authorized under the power-of-sale provision in a trust deed.
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Tag: recourse debt
Judicial Foreclosure and Pursuit of the Deficiency
Pursuit of a money judgment against a property owner under a judicial foreclosure.
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Mortgage debt discounts and no deficiency obligations for California homeowners
Distinguish between recourse and nonrecourse mortgage debt to determine the remedies available to homeowners and lenders in the event a homeowner defaults.
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FARM: Strategic default on your vacation home
Think twice before walking away from your vacation property.
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If I convert my home to a rental, does my mortgage become a recourse loan?
A look at the triggers which convert nonrecourse to recourse debt.
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