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HopingtoFind · 05-11-2009, 04:58 PM

Because original post was in regards to the property in CA... my response was according to what foreclosure laws in CA are.
Non-Recourse means that lender cannot come after you for deficiency if the property gets foreclosed. Purchase money loans on private residence are considered non-recourse.

I don't believe Florida has non-recourse loans like CA...

05-11-2009, 04:58 PM	#4 (permalink)
HopingtoFind Senior Member Join Date: Oct 2008 Posts: 651 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: USAA Short Sale #2 Lienholder Because original post was in regards to the property in CA... my response was according to what foreclosure laws in CA are. Non-Recourse means that lender cannot come after you for deficiency if the property gets foreclosed. Purchase money loans on private residence are considered non-recourse. I don't believe Florida has non-recourse loans like CA...