>In a non-recourse state if you default on your mortgage the lender cannot come after you personally for the remaining balance. Sort of. There are lots of cave

>In a non-recourse state if you default on your mortgage the lender cannot come after you personally for the remaining balance. Sort of. There are lots of caveats (taking out a second mortgage removes some of this protection, for example). Also, in Washington, at least, this is only true if the lender opts to handle it this way. They get a simplified process if it's non-recourse but if they know you have lots of other assets, then absolutely CAN take you to court for the difference, it's just far more costly and they can't use the simplified procedure.