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Mortgages are non-recourse in 11 states. The expression "jingle mail" might also be worth googling. In Canada, and the rest of the US, if your mortgage is unde
by nikanj 8y ago
Mortgages are non-recourse in 11 states. The expression "jingle mail" might also be worth googling.
In Canada, and the rest of the US, if your mortgage is underwater it's a problem for you. In those 11 states, it's a problem for the bank.
- remote_phone 8y agoDuring the housing bust, no one was held liable for foreclosures. Their credit rating was busted but that’s it.