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Most mortgages in US are non-recourse. http://en.wikipedia.org/wiki/Nonrecourse_debt http://en.wikipedia.org/wiki/Nonrecourse_debt
by DenisM 17y ago
Most mortgages in US are non-recourse.
http://en.wikipedia.org/wiki/Nonrecourse_debt http://en.wikipedia.org/wiki/Nonrecourse_debt
- anamax 17y agoHowever, refis in CA are recourse. Before the crash, I was getting calls from lenders trying to get me to do a cash-out refi "so I'd have money to invest in the stock market". I assume that some went for that pitch.